The legal and commercial structuring of a project involves defining the ownership model for project implementation, including allocation of roles and responsibilities, and risks between the Relevant Authority and the private sector party. Project structuring also involves defining the key commercial terms for the transaction of the asset under consideration.
Key components
Find details of key components that the Relevant Authority should consider during their Project Preparation for Asset Recycling, as set out below:
- Ownership Models - A discussion of Concession/ Lease Model, Joint Venture (JVC) Model and Partial divestment.
- Risk Identification and Allocation - A comprehensive list of relevant risks associated with the project in the form of a risk register.
- Commercial Principles - A brief explanation of key commercial principles that will form the basis of the project structure and the project agreement.
- Multi-asset Procurement (Asset Bundling) - Lists out key parameters to consider.
