4.3. Project Structuring Stage

During the project structuring stage, the practitioners need to understand how best to finalise the contours of the project by using past experience of similar projects for sectors in which such projects have been implemented. In case of projects for which there are no precedents, capabilities to assess the various options and arrive at the most suitable options after analysing the pros and cons of all options would need to be built among all the practitioners. The capacity requirements at this stage include a thorough understanding of the various aspects of PPPs in terms of roles & responsibilities, risks, challenges and issues of PPPs, contractual frameworks, legal and financial implications and suitable risk mitigation techniques etc. by both the practitioners as well as policy makers. Hence, capacity building at this stage could focus on the critical enablers of PPPs as well as learning from the best and worst case studies with similar PPP experiences elsewhere.