Mr. Michael Kennedy:

A PPP project starts off like any other project. It has to satisfy a cost-benefit analysis first. It goes through the same process that any traditionally procured project would go through. It has the same gateways and whatnot. Thereafter, when it is confirmed as a PPP project, a public sector benchmark is prepared on the scheme and the objective then is at various stages in the tender process, one compares what the tendering outcome will be vis-à-visthe benchmark. A better value than the benchmark must be achieved to go forward with a PPP.