Developing these plans provides an opportunity for decision makers to take a strategic view of how climate change will affect infrastructure needs in the coming decades and design sequenced packages of investment (“pathways”) that address interconnections and increase resilience in a way that cannot be achieved by looking at projects in isolation. The choice of discount rate will affect the weight placed on potential future impacts relative to those in the near-term. For Public Private Partnership (PPP) contracts, it is important to clarify the allocation of responsibilities regarding climate-related risks planning, management and response.