We advised the City of Kraków on the erection and maintenance of a public utility building. Our involvement included supporting the city in conducting pre-implementation analyses, market testing, private partner selection and the closing of a financing deal. We also built a financial model comparing the PPP option with the traditional project implementation option (PSC), determined the boundary conditions for project bankability and profitability from a potential private partner perspective, taking into account special corporation tax and VAT requirements, and analysis of the potential contractor and financing institutions market. Our model made it possible to compare various external financing options (including EU grants for the Private Partner) and risk and profits distribution in connection with leasing part of the commercial space.