Exhibit 6.9 Critical Success Factors for PPP Transportation Projects |
• Stakeholder consultation through regular meetings at both the managerial and technical levels |
• Active public involvement through public outreach and on-going communication between project partners and stakeholders |
• Political leadership that supports the project and serves as a champion for its successful implementation |
• Secure public control of the infrastructure assets through continued public ownership and PPP team accountable for project results consistent with the contract terms |
• Limited complexity of the PPP arrangement and contract agreement to ensure stakeholder understanding and compliance |
• Well defined legal authority for the public sector to enter into PPP arrangements and apply alternative methods of funding, financing, and delivering transportation |
• Financial viability under a wide range of risk factors |
• Clear delineation and balance of project roles, responsibilities, and risks among the PPP partners commensurate with their potential returns |
• Demonstrated transportation need (congestion relief, safety improvement, better accessibility, and travel time reliability) and public support among numerous stakeholder groups |
• Capable public and private sector partners with mutually complementary interests in the project and a willingness to accommodate changing conditions and opportunities consistent with the desired project outcomes and performance requirements |
• Adequate dedicated funding sources for the full term of the PPP contract |
• Environmental constructability to ensure the project can be cost-effectively constructed without serious damage to the environment through environmental and context-sensitive design and value engineering |
• Ample number of capable private sector firms and teams to ensure a competitive procurement and selection process |