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A picture that says a lot
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Today Codie Sanchez made my email. You choose your hard... so please don’t complain. I’ve been in both, and I’m still deciding what to do next. I take my time, with no rush. I like what I do in the infrastructure and real estate space, but also I appreciate freedom. At some moments, everyone has doubts, everyone feels overwhelmed, frustrated, angered, in despair. Some people take it for themselves, and keep in pain and frustration. Others go to talk to mentors, coaches and people that are in the same path they want to go. I’m still deciding my hard, but not how I approach. Mentoring can change your life. This is why I’m offering this package for Christmas.
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Vicente Valencia
Weekly insights on how to perform when it matters | High-stakes decisions. Real situations. No BS. | 👇JOIN +2k readers 👇
I’m a PPP freak. You know… I heard in the news that Ghana will keep 70% of the toll revenue. Excellent. Seventy per cent is a very impressive number. Particularly before anyone asks: Seventy per cent of what? Ghana’s Parliament recently approved a 20-year PPP to introduce electronic tolling across 66 locations. The Government receives 70% of gross toll revenue. The concessionaire receives 30%. Great for a press release, some pictures and ceremonial pats in the back. Percentages are seductive....
1993. Argentina, the losers of the last World Cup. They are pros in Economics. This is why they signed a 30-year PPP with a nine-year business plan. What can get wrong? Nobody knew it was nine years. That was the problem. Or at least, one of them. The project was Aguas Argentinas. At the time, it was the largest water concession in the world. You know… Argentinos tend to exaggerate… a little bit… specially in front of the referee… More than eight million customers. Thirty years. Serious...
Governments love competitive tension. They spend 18 months creating it. Market soundings. RFQs. RFPs. Best and Final Offers… or Optimization Phase in some places… Lawyers, financial models, technical advisers, probity officers… and 143 versions of a contract called FINAL. I love this game! Then they select the preferred bidder. Sign the contract. Open the champagne. Take a photograph wearing hard hats. Book holidays to Fiji. And kill the competition. Because the first auction is over. The...