The following Construction guidance note Produced in partnership with Victoria McGie provides comprehensive and up to date legal information covering:
The global demand for public infrastructure, from roads and schools to energy projects, has lead to new and innovative ways of structuring the procurement and funding of infrastructure facilities. There are a myriad of possible project structures. A project’s structure depends upon factors including:
who the employer is (eg public body or private company or consortium)
the nature of the project (eg how complex it is, whether it relates to state owned assets)
if just facility design and construction is being procured
if facility operation and maintenance is also being procured
which party is securing the finance or providing investment for the project (eg is it a public body or a private consortium?)
who owns the facility during facility construction, operation and at the end of any operating term
who is entitled to the facility’s product or revenues
Some infrastructure projects are entirely privately procured (such as some oil refineries, transport facilities and process plants). However, many are required and instructed by the public sector, who are increasingly involving private sector risk, expertise and even finance in the development and operation of infrastructure facilities.
Below is a summary of:
procurement structures for the design and construction element of a project—for projects where just the design and construction is procured this may form the whole project structure
a classic project finance structure—relevant where the
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