Other features of MIM project agreements, which will be of interest to sponsors and potential funders, are: While precedents are based on precedents, the MIM road contract has some interesting features compared to previous road forms: in a statement to the Welsh Parliament before the introduction of the new model, Mark Drakeford, secretary of the Finance and Local Government Cabinet, has committed to invest about $1 billion in capital infrastructure investments. Adam Price, secretary of Plaid Cymru`s business office, welcomed the announcement, but stressed that while the Scottish Government had invested 4.5% of its total budget in its own private infrastructure investment model, the Welsh government had only committed to investing 1% of its budget in MIM. He therefore asked the Minister of Finance to work “further and faster” in investments in the model. The Government of Wales (i.e. the political body of this part of the United Kingdom, which has significant powers for the organisation of public services) is aware of the lack of infrastructure, particularly with regard to social heritage. To address this lack of infrastructure, public-private partnerships are being called upon to raise capital funding for major projects: one of the much-anticipated infrastructure projects is the Welsh government`s $400 million project, which is expected to complete the doubling of the A465 Dowlais Top after Hirwaun. On 28 February, the cabinet`s Minister for Finance and Local Government confirmed the Welsh Government`s intention to implement the system under the Mutual Investment Model (MIM). Although the project itself has not been officially launched, the Welsh Government has published its standard version of the MIM road contract, along with a user manual. As a result, the MIM model forms were developed to meet the requirements of the “Statistical Guide on the Statistical Treatment of PPPs” published by the EIB and Eurostat (Eurostat Guidance) in September 2016. This guide contains detailed statistical requirements, which ensure that a project is not inadvertently defined as a government asset, which would require a balance sheet list. For example, any form of profit limitation, a public sector right to obtain 50% or more of the profits generated by the project, or any significant public sector veto/authorization rights would automatically mean that the project has been declared in the government`s balance sheet.