This type of project is structured differently from other forms of public-private partnership - such as some toll roads. For example:
■ in the New Schools Privately Financed Project the contractor operates a facility under licence and receives payments from the Government; the contractor carries no risk that the number of school children will be less than expected. The Government is considered to be the owner of the asset and an equivalent liability is recorded in the State accounts
■ in a toll road the contractor typically operates a business franchise, assumes the risk that traffic might be less than expected, and charges users directly through tolls. The private sector is considered to be the owner of the asset and there are no liabilities recorded in the State accounts.