The success of a complex project depends less on the number of partners involved than on the coherence of their coordination. BIID builds this framework by bringing together, around a single project, public, financial, industrial and technical stakeholders whose contributions are complementary. It ensures that roles, commitments, risks and conditions of involvement are clearly established before entering the negotiation and implementation phases.
The success of a complex project depends less on the number of partners involved than on the coherence of their coordination.
This partnership-based approach makes it possible to organise cooperation frameworks tailored to the nature of each operation. BIID identifies the necessary partners, clarifies their respective contributions and facilitates the formation of consortia where multiple areas of expertise or sources of funding need to be brought together. It also supports the preparation of the agreements, protocols and governance arrangements required to deliver the project.
Depending on the identified needs, the structure may include:
- co-financing or syndication mechanisms, to spread the financing requirement across several institutions;
- mixed financing, combining concessional, public and private resources where this combination enhances the viability of the operation;
- guarantee, insurance or risk-sharing mechanisms, where certain exposures need to be shared amongst several parties;
- public-private partnerships or other contractual arrangements, where the design, financing, construction or operation involve multiple responsibilities;
- implementation consortia, bringing together financiers, operators, technology providers, experts and institutional partners within a common organisational framework.
The choice of structure depends on the specific characteristics of the project. It takes into account its cash flows, risk profile, operating model, maturity and the actual capabilities of the stakeholders. The BIID therefore seeks a combination in which each instrument fulfils a specific function and each partner operates within a scope compatible with its mandate and responsibilities.
The challenge is therefore not simply to bring together a number of actors or instruments, but to build a framework that is sufficiently coherent to make the operation feasible. By coordinating the interplay between financing, expertise, governance, risk sharing and implementation capacity, the BIID provides the project with a more robust partnership framework and lays the groundwork for its negotiation, contractualisation and roll-out.