• Revenue and Construction Risk. The proposed bridge project was a major undertaking by the Federal Government in association with the directly impacted provinces, involving the construction of a new highway and bridge link between these two provinces. This posed a significant revenue risk to the project partners since the level of traffic that would use the tolled facility and the revenues that would be produced was uncertain. In addition, the large amount of capital required for this ambitious project and the novel design proposed for the bridge presented construction risks to the members of the DBOM TEAM. While the full allocation of various project risks is unknown, the Government's commitment of public funds to finance almost half of the project development costs significantly mitigated the revenue risk as well as the construction risk to the project partners.
• Untried Stakeholder Relationships. The unique nature of this PPP project for the Argentina Minister of Economy and Public Works required a whole new set of project stakeholders to effectively work together as an integrated team to accomplish the project objectives within the limited total budget and desired schedule. To their credit, the Federal and Provincial Government agencies established effective working relationships as project sponsors and developed successful commercial relationships and risk sharing with local, national, and foreign investors, construction companies, and operators comprising the overall public-private partnership.