Over time, the host nations have recognized that highway PPPs are enterprises that require a careful combination of technical, legal, and commercial conditions. This is funda- mentally different from prescribing the requirements for a constructed facility, which is typically done in conven- tional project delivery. Instead, the public sector is grant- ing the private sector the right to initiate and operate an enterprise within the bounds of a contract. Accordingly, a careful balance must be struck between the project's business and engineering provisions so that the private partner can succeed while also satisfying the public sector's objectives.