Codelists

riskAllocation.csv

You can download the riskAllocation.csv file in English.

Code Title Description
publicAuthority Public authority

The risk is wholly or mostly retained by the public authority

privateParty Private party

The risk is wholly or mostly retained by the private party

undefined Undefined

The risk is not clearly assigned to a specific party to the contract. Further details can be provided in the notes field.

riskCategory.csv

You can download the riskCategory.csv file in English.

Code Title Description
landAvailability Land availability and acquisition risk

Relates to the unavailability of land or site to construct the infrastructure at the time of contract signature

Category
designAndConstruction
Source
https://ppp-certification.com/ppp-certification-guide/58-introducing-main-project-risks-and-their-potential-allocation56
environmental Environmental risk

Environmental risks might be related to a number of environmental issues such as general contamination, pollution, water contamination, impact on the natural environment etc. An adverse assessment might lead to changes in design, leading to a direct impact on cost of infrastructure

Category
designAndConstruction
Source
https://ppp-certification.com/ppp-certification-guide/58-introducing-main-project-risks-and-their-potential-allocation56
design Design risks

Represents the possibility that design quality for the asset is not adequate to meet project requirements

Category
designAndConstruction
Source
https://ppp-certification.com/ppp-certification-guide/58-introducing-main-project-risks-and-their-potential-allocation56
construction Construction risks

Represents the possibility that during the construction Phase, the actual project costs or construction time exceeds the projected time and costs

Category
designAndConstruction
Source
https://ppp-certification.com/ppp-certification-guide/58-introducing-main-project-risks-and-their-potential-allocation56
completion Completion and commissioning

Refers to the failure to meet the construction outcome or finalization as prescribed

Category
designAndConstruction
Source
https://ppp-certification.com/ppp-certification-guide/58-introducing-main-project-risks-and-their-potential-allocation56
revenue Revenue risk

Refers to the risk of the revenue flows not being correctly assessed

Category
operating
Source
https://ppp-certification.com/ppp-certification-guide/58-introducing-main-project-risks-and-their-potential-allocation56
inflationAndFx Foreign exchange, inflation and indexation risk

Risk that changes in exchange rates or inflation adversely affect the project outcomes

Category
operating
Source
https://ppp-certification.com/ppp-certification-guide/58-introducing-main-project-risks-and-their-potential-allocation56
availabilityAndQuality Availability and quality risk

Risk linked to availability and quality issues relating to performance requirements and performance target levels

Category
operating
Source
https://ppp-certification.com/ppp-certification-guide/58-introducing-main-project-risks-and-their-potential-allocation56
otherRevenue Other revenue risk events

credit or counterparty risk; fraud/non-payment by users

Category
operating
Source
https://ppp-certification.com/ppp-certification-guide/58-introducing-main-project-risks-and-their-potential-allocation56
financeAvailability Availability of finance

Represents the risk of financing not being available at commercial close or before construction starts

Category
finance
Source
https://ppp-certification.com/ppp-certification-guide/58-introducing-main-project-risks-and-their-potential-allocation56
refinancing Refinancing risks

Risks relating to the downside of refinancing

Category
finance
Source
https://ppp-certification.com/ppp-certification-guide/58-introducing-main-project-risks-and-their-potential-allocation56
changeInLaw Changes in law

Risk that a change in general law or the sector regulatory framework adversely affect the project

Category
other
Source
https://ppp-certification.com/ppp-certification-guide/58-introducing-main-project-risks-and-their-potential-allocation56
forceMajeure Force majeure

Risk that external events beyond the control of the parties to the contract, such as natural disasters, wars, terrorism etc., affect the project

Category
other
Source
https://ppp-certification.com/ppp-certification-guide/58-introducing-main-project-risks-and-their-potential-allocation56
earlyTermination Early termination

Risk that compensation sum due to early termination might be insufficient to meet private party’s financial obligations or is less than expected

Category
other
Source
https://ppp-certification.com/ppp-certification-guide/58-introducing-main-project-risks-and-their-potential-allocation56
compliance Compliance risks

Risks deriving from the compliance or lack thereof of regulatory obligations related to the development of the project

Category
other
all All risks

All risks deriving from the project

Category
other