City infrastructure with purple colour overlay

Reasons for a Joint Venture

This module looks at the reasons for using a joint venture to deliver a global mega infrastructure project.

Understanding the reasons for using a joint venture for such projects is crucial and informs the structure, operation and longevity of a joint venture arrangement.

Across the infrastructure sector, the methods of delivery and the resources needed to deliver mega infrastructure projects are changing at pace. This inevitably requires participants to think longer and harder about the reasons they are collaborating to ensure that JV structures and goals meet the new challenges.

Nick Baveystock

Director General, Institution of Civil Engineers

In the context of procurement and delivery of mega infrastructure projects and in considering the reasons for choosing a Joint Venture, it is essential to refer to the UK Project Initiation Routemap's Six Pillars of Procurement Excellence

Key Considerations

  • Regulatory requirements
  • Pooling of capability, experience and resources
  • Supply chain optimisation
  • Skill set optimisation
  • Combined balance sheet strength
  • Procurement process requirements
  • Risk sharing
  • Enhancing competitiveness
  • Client relationships or requirements
  • Strengthening geographical or local knowledge
  • Managing complex interfaces

Meet the team

Show me all
Borja Martín Ariza

Partner

Borja is in the Madrid Corporate team, and has extensive local and international experience in M&A, private equity, as well as in general company law and governance matters on a variety of industries and sectors such as renewable energy, infrastructure, and Advanced Manufacturing & Technology.

Martin Borja
Claire Barclay

Partner

Claire is a projects partner with 17 years experience advising governments, developers, sponsors, and development finance institutions on infrastructure projects, PPPs and concessions throughout Africa across all sectors, with a specific focus on transport, healthcare, water and sanitation, solid waste, education facilities, public buildings and ICT/telecommunications.

Barclay Claire July_2019
Fraser McMillan

Partner

Fraser is a partner in our Sydney office.

McMillan Frazer
John Woolley

Partner

John specialises in construction in the energy and infrastructure sectors.

Woolley John
Jonathan Hart

Partner

Jon is in an infrastructure specialist, with extensive knowledge of drafting and negotiating project documentation derived over twenty-five years working with clients in closing their deals and helping support successful project deliveries.

Hart Jonathan
Tim Armsby

Partner

Tim leads our Finance and Projects practice in the Middle East.

Armsby Tim_estartegy

Out-Law / Your daily need to know