Improving governance can help maximize the benefits and minimize the risks in Public Private Partnerships. It requires governments to acquire new skills in public management and to establish new institutions and procedures. Governments will need to focus on supervision and regulation, rather than on direct ownership and controls. In addition to these new skills, new sources of expertise and qualifications are required to ensure that PPPs also contribute to sustainable development.

1. This report describes and assesses progress in the second year of implementation of the World Bank Group‘s (WBG) Governance and Anticorruption strategy (GAC), which was endorsed by the Board of Executive Directors in March 2007. Since November 2007, a high-level GAC Council, chaired by the Managing Directors on a rotating basis, with Vice President and Director-level members and alternates, has met on a monthly basis to review and guide implementation of the strategy. The One-Year Progress Report on implementation of the strategy was issued in October 2008.

The change of law clause is a provision that may have a huge impact on the success of an infrastructure project and careful attention needs to be given to how the risk is shared in PPPs.

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¿Para qué sirve esta guía?

These sample provisions are for use by the public sector in tender documents and contracts where the Victorian Industry Participation Policy (VIPP)is applicable. They are not meant to be followed exactly, but to be adjusted according to the needs of the specific circumstances.

The model clauses cover several aspects of in projects such standard VIPP projects or those that have been categorized as strategic by the policy. This document for instance:

THIS DOCUMENT HAS BEEN PREPARED FOR THE PURPOSES OF THE PPP IN INFRASTRUCTURE RESOURCE CENTER FOR CONTRACTS, LAWS AND REGULATIONS (PPPLRC). IT IS A CHECKLIST FOR GENERAL GUIDANCE PURPOSES ONLY AND SHOULD NOT BE USED AS A SUBSTITUTE FOR SPECIFIC LEGAL ADVICE FOR A PROJECT.

THIS DOCUMENT HAS BEEN PREPARED FOR THE PURPOSES OF THE PPP IN INFRASTRUCTURE RESOURCE CENTER FOR CONTRACTS, LAWS AND REGULATIONS (PPPLRC). IT IS A CHECKLIST FOR GENERAL GUIDANCE PURPOSES ONLY AND SHOULD NOT BE USED AS A SUBSTITUTE FOR SPECIFIC LEGAL ADVICE FOR A PROJECT.