ABSTRACT
The absolute number one requirement for the successful projects is that they are undertaken in a stable and sustainable environment where the contracts and the relevant governing laws do what they say on the tin. Any ad-hoc attempts to adjust the rights of the parties can lead to severe market unrest and a loss of confidence by other project providers. Much of the time spent by public authorities in negotiating contracts with the private sector arises as a result of an unwillingness to even try to understand the hopes and aspirations of the private sector ahead of large-scale set piece all-party meetings. Most assets that are to be project financed will be long term assets. When entering into a long-term financed position, parties should always have one eye on the future and on how the project itself and also the project economics can be improved.
