The Risks Assessment in the Project Financing Initiative for the Cemetery Expansion Intervention in a Small Town in Southern Italy

In the present research the risks matrix related to a transformation intervention to be carried out through the Project Financing (PF) operational tool, has been developed. With reference to the expansion and management of the cemetery of a small town located in Southern Italy, the identification and allocation of the risks among the parties involved – private investor and Public Administration – have been implemented. Furthermore, the verification of the feasibility by the Public Administration in the use of the PF operational tool has been performed, by analyzing the results obtained by the project proposer subject in financial terms. The risk assessment constitutes a support tool for the public Administration in the decision-making processes aimed to evaluate the PF proposals by the proposer subject in order to ensure an appropriate and detailed investigation on the Public Private Partnerships mechanism and to avoid complications and contingencies that could lead to initiative failure. In this sense, the present analysis allows to evaluate the advantages for public and private subjects to use the PF mechanism in bridging the existing gulf between the scarce public resources and the investment demand of expansion and/or redevelopment of urban cemeteries.