

Pario
The following building blocks underpin our management of SPVs: • Honest broker – Pario’s independence from infrastructure funds allows us to manage relationships to optimise the performance of PPPs. We work to the principle that PPP projects are long-term arrangements, and successful outcomes are best achieved by balancing both contractual and relationship matters to approach projects in the spirit of partnership. We also seek to maintain a focus on the “bigger picture” rather than less material risk issues. Relationship management is essential, and we ensure that it is accompanied by a pragmatic and reasonable approach. • Collaboration – Pario works together with the project stakeholders to achieve their objectives to their mutual benefit: the public sector receives a service that supports their organisational objectives and represents value for money; the private sector investors and contractors deliver that service for a reasonable return. We maintain transparent, constructive communication and collaboration. • Social values – Pario has placed particular emphasis on delivering social value initiatives as part of our ESG approach during 2024. We have developed and delivered social initiatives across a range of projects. We believe that SPVs can improve their reputations by demonstrating a commitment to sustainability and community projects.