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Pages 46-50

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From page 46...
... 46 Appropriation risk: The risk that a public agency will be incapable of meeting its financial obligations to the project because funds for the project fail to be obligated into its budget. Appropriation risks can affect projects in which the public agency is expected to make payments as a lump sum during the construction period, as APs during the life of the project, or as a result of other events occurring in the life of the project.
From page 47...
... Glossary 47 existing publicly funded toll facilities to a concessionaire for a term in exchange for up-front payments. The private concessionaire will take over the facility operations and maintenance as well as life-cycle costs over the long duration of the lease (usually 50 to 99 years)
From page 48...
... 48 Leveraging Private Capital for Infrastructure Renewal Gearing: The ratio of a company's loan capital (debt) to the value of its equity.
From page 49...
... Glossary 49 example, the ministry or DOT, the ministry of finance, and so on. It also includes "public party," "public partner," "public authority," and "grantor." Public–private partnership (P3)
From page 50...
... 50 Leveraging Private Capital for Infrastructure Renewal the amount spent. The decision to spend (or invest in this context)

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