Library
PF2: User Guide
HM Treasury have issued a new policy document and new contract standardisation guidance for PF2 as follows:(a) “A New Approach to Public Private Partnerships” (“PF2 Policy”) (http://www.hmtreasury.…
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Commercial Principles in Asset Recycling
The Relevant Authority should determine key commercial principles that will form the basis of the project structure and the project agreement; the commercial principles should ensure value…
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Contract Expiry and Asset Handover
The final task in managing a PPP contract is to manage the transition of assets and operations at the end of the contract term. The approach to this transition should be clearly defined in the…
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Termination Provisions
In most cases, PPP contracts have a defined term. The contract typically sets out the contract termination date and arrangements for contract close and asset handover. The PPP contract, or in some…
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Key Issues in Developing Project Financed Transactions
Certainty of Revenue StreamAs noted above, the project is unlikely to generate revenue until the operations period and so it is going to be key to lenders and other investors that the revenue stream…