By nature, public–private partnership (PPP or 3P or P3) projects are collaborative and multi-disciplinary. PPP projects have numerous stakeholders, multiple success criteria, longer time horizons, and greater risks in procurement and delivery. The ultimate goal is achieving a balance between risk and return. Therefore, the PPP project model requires numerous specialists to access and address a variety of technical, environmental, contractual, and financial aspects.
The role of the Lender’s Technical Adviser in a PPP not only requires excellent technical background, but also an understanding of the bigger picture. During the tender and construction phases, Langan liaises with the involved parties and provides lenders with risk assessments for environmental permitting, designs and construction methods, project schedule, and robustness of CAPEX and OPEX. As a multidisciplinary firm with extensive experience in complex construction projects, Langan has been able to provide high quality Lender’s Technical Adviser services, help cross-disciplinary and cross-functional conflicts, and move the project forward.
About Tasos Papathanasiou, PE
Tasos has over 18 years of diversified experience managing large scale multi-disciplinary projects, including geotechnical and environmental investigations, site evaluations, foundation design, bulkhead design, construction oversight, and stormwater management. He has provided technical advisory services for motorway and airport concession projects in Greece, Cyprus, and Eastern Europe.