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3.8 Project Governance - Coggle Diagram

- - - - major projects developed by
        partnerships of industrial and private entrepreneurs
      - lacks systemic leadership and policy, as
        well as an economy of scale at national level
    - - These focus on regulated monopolies and led by government institutions
      - Provides a systemic focus but is characterised by a bureaucratisation of the decision making at the national level
      - The main shortcomings of this approach are its inefficiency, its lack of dynamism, and its inability to address the local needs.
    - - These often makes public and private parties and they
        provide new and unique arrangements for major projects.
      - These arrangements rely on both public instruments such as the public concession as well as on private ones including contracts and sophisticated financial instruments
      - s involve a mix of private and public stakeholders, working together under a common contractual and financial framework
      - can be very complex and can be very vulnerable to opportunistic sponsors