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In the case of private-public partnership projects, where risk transfer is fundamental, this principle has generally translated into the transfer to the private sector of project-specific risks (such as construction, operating, and design/technical risks) that it is best placed to manage and the assumption by governments of economy-wide risks (such as force majeure, regulatory and political risks), although risk distribution has been rightly approached on a case by case basis given the different nature of projects。
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