If the private partner takes (traffic volume on a toll road), it is a Concession.
DSCR=CFADS (Cash Flow Available for Debt Service)Principal Payment+Interest PaymentDSCR equals the fraction with numerator CFADS (Cash Flow Available for Debt Service) and denominator Principal Payment plus Interest Payment end-fraction If the private partner takes (traffic volume on
(e.g., London Crossrail, Panama Canal Expansion, or a renewable PPP) Panama Canal Expansion
The private partner builds and operates the facility for a set period, then transfers ownership back to the government. not the sponsors' balance sheets.
Funding is based on the project's cash flow, not the sponsors' balance sheets.