Construction risks raised by PPP

2 October 2006

Market researchers Standard & Poor’s (S&P) have indicated a poor understanding of construction risks among developers of large projects, such as new nuclear stations.

As part of their Public Private Partnership (PPP)-related credit research Michael Wilkins, head of S&P’s infrastructure finance team in London, said: “Construction risks are often poorly understood yet retain the potential to derail projects through budget, timescale or specification problems.”

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