Vandalism is the risk of intentioned acts against the asset or parts of the asset. Generally, vandalism is a risk to be allocated to the private partner, as it is the economic owner of the asset and as such has the first responsibility to protect the asset’s physical and operational state.
However, in some specific projects, this risk is a shared risk. This may be a sensible approach when the likelihood and consequences are of a high level and where the vigilance and protection of the asset against potential acts of vandalism are too difficult or too costly.
Regarding strikes, when these are not general strikes but only affecting the specific project, the risk is also generally borne by the private partner. In some countries, it is common practice also to transfer a general strike risk in the same way.