5.3.  Concern: Is there Transaction Expertise, Adequate Review Time, and have Conflicts of Interest been Avoided?

State or local officials charged with negotiating PPP transactions must have the appropriate expertise, the absence of conflicts of interest, and sufficient time to evaluate very complicated proposals. For instance, the contract for SH130, Sections 5&6, ran over 1,100 pages, including the basic Concession Agreement, 25 Exhibits (often cross-referenced), plus a list of Technical Requirements. The majority of the concession agreements reviewed, both in the U.S. and abroad, were of similar complexity.