From the information mentioned earlier, the significant lessons learned are as follows and are categorized according to the different actors involved. These are highlighted as:
Overall Ministry & Society
• There may be legal issues preventing private finance and may need law changes or government approval
• Need a good "Public Sector Comparator" (Benchmarking capability)
• In PPP - consider series of PPP projects and not just one - costs of entering market is high
• Selecting a good measurable, objective "Payment Mechanism" (Transparent)
• Influence of project size - recommendation of over 80 million Euros
Road Authority
• Risks from both a legal, financial and design & construction perspective
• Adding as much as possible "Performance Specifications" & "Outcome-Based Criteria"
• Enticing international competition & ability to find/network with reliable national partners
• Consider the use of stipends to offset the large tendering costs
• Monitoring & measuring acceptance during the "Delivery Phase" (construction portion)
• Appropriate "Hand-Back Clause" (what is the condition of the asset when returned back to the authority)
• If you have not outsourced maintenance activities via maintenance contracts, it will be difficult to include all the detailed aspects of maintenance into the PPP contract Private Sector Contractors & Others
• Ability to get competitively priced private finance
• Lack of understanding of DBFO delivery model