Question :
(a)  Define risk as per the Public Private Partnership Guidance Manual.
(b)  What are the primary objectives of transferring risks from a contracting authority to a private sector contractor?
(c)  Risk assessment is required to enable the objectives of risk transfer to be achieved.  What are the purposes of assessing risk within a PPP project?
(d)  There are different categories of risk associated with infrastructure projects.  List and explain the risks.