When the government provides the guarantees, the following matters shall be taken into consideration:
• The guarantee provision may result in redistributing risks between the public and private sectors in such a way that adversely affects the performance incentives of the private sector.
• The state policy shall be clear in respect of the guarantee provision to avoid giving an impression that the state will give such guarantees in all joint projects, making negotiation with investors in the future partnership contracts more difficult.
The adverse effects resulting from the guarantees that may be provided by the state/ the federal entities shall be mitigated through allowing the private sector to assume part of the risks without guaranteeing thereof, or through providing guarantees for specific matters only.