Inevitably, from the municipality's perspective, the primary partnership objective is to address financial constraints, and some of the key elements of the partnership framework will describe the financial requirements of the arrangement. The following discussion elaborates on some of the key issues in respect to:
• private investment capital (risk management, sources of funding, municipal borrowing constraints, improved access to public investment capital, the costs of borrowing);
• financial incentives (operator fees, operator profits, payment to NGOs); and
• cost recovery (tariffs, subsidies, connections costs).