19 March 2026 · Brian Kiptoo
Project sponsors regularly plan around commercial milestones while treating statutory approvals as administrative. In practice the approval sequence under the PPP framework determines the timetable.
Government support measures should be identified at feasibility stage and reflected in the financial model, rather than negotiated after preferred bidder status is awarded.
Lenders will require certainty on termination compensation and step-in rights. These provisions merit early attention.
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