Conclusions

One, or even more, Providers may not be financially sustainable in the long term. However, the underlying projects are technically sound, and the economic benefits they produce are independent of the ownership of the assets. In most of the projects evaluated, the failure of a Provider would involve either the Promoter taking over the project itself or re-tendering the operation and management of the project to a new Provider. There would be costs associated with either of these options, but the Promoter would probably still be better off than if they had carried out the project using public procurement. The private-sector shareholders will have lost their investment, but that possibility is inevitable and it was a free decision on their part to accept the risks involved.