Real situations from PPP projects in Central Asia, one problem at a time, with the numbers.
Short, practical posts by Remir Mukumov on PPP, fiscal commitments and contingent liabilities (FCCL) and CP3P preparation, in Russian with key English terms. Many articles on this site start as posts there.
Subscribe on TelegramOctober 2026
Indexing the whole payment instead of the operating share costs $179 million over 25 years on a $10 million annual payment.
Read moreOctober 2026
A public-data model of Kyrgyzstan's first toll road. Year-12 resurfacing costs up to 43% of the original investment.
Read moreOctober 2026
A fixed payment with no deductions turns a PPP into expensive borrowing. We price the gap on a $50 million facility.
Read moreAugust 2026
An unsolicited proposal needs two cases: one for the government and one for the money. Weak proposals sacrifice the first.
Read moreJuly 2026
In a press release it is one date. Inside, it is four layers of documents, and no money flows until the last one is closed.
Read moreMay 2026
A/B loan, parallel loans and ECA cover in one project. How a 500 MW wind farm in Uzbekistan was financed.
Read moreMarch 2026
A Mozambique case shows when a government is testing a deal and when it is only opening its pipeline to the market.
Read moreJanuary 2026
Budgeted O&M and unconstrained O&M are two different numbers. Until you calculate the second, you don't know the real price of the service.
Read moreDecember 2025
A step-by-step approach to identifying, measuring, and reporting FCCL—with templates for ministry use.
Read moreNovember 2025
How to design screening criteria and gateway reviews that balance political realities with technical rigor.
Read moreOctober 2025
Lessons from delivering training across emerging markets—formats, follow-up, and sustainability.
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