Abstract: “The vast majority of Public Private Partnership (PPP) are developed based on the rationale that the public authority commissions the design, construction, operation, maintenance, and financing of a public infrastructure project from a private consortium within a single contractual framework. PPP project risks typically include the development and construction of a new asset as well as its operation for several decades. Probably the most serious consequences of risks during the construction period are cost and time overruns. These events are among the most widely used scenarios in value for money analysis risks. The sources of risk change over the life cycle of a PPP project. Construction and development risks in infrastructure projects are, in some cases, very significant. Projects that are related to IT, rehabilitation/refurbishments and complex agencies’ interaction are thought to carry more substantial risks than other assets. Work by Standard and Poor’s has classified PPP construct”

Keywords: Mapping Risk, Public Private Partnership (PPP), Risk, Cost Overrun.