Given the variety of PPP transactions globally, the different legal systems which exist in various countries, and the need to have ‘tailor-made' provisions to deal with the individual characteristics of specific projects, it follows that the development of comprehensive PPP agreements on an international basis is likely an unrealistic goal. However, there may be merit in focusing on certain contractual provisions dealing with particular legal issues encountered in virtually every PPP Contract, such as the issues of force majeure, termination rights, dispute resolution, etc. The purpose of this Report is to present and discuss ‘recommended’ language in respect of a selection of these typically encountered provisions.
The ‘recommendations’ contained in this Report are not meant to be prescriptive – specifically, they are not mandatory clauses for use in all PPP transactions which the World Bank Group financially supports
Publication Date: 2015