Title: PPP Contracts in An Age of Disruption - (Download PDF version)
Language: English
Type: Other Publications
Nature: Guidelines
Published: October 12, 2023
Region: Global
Country: Global / Non-Specific
Topic: Tools
Keywords: Contractual Provisions
Document(s):
Document Summary:
This report examines how disruptive technologies impact public-private partnership (PPP) infrastructure; what this means for the management of existing PPP contracts; and how better partnerships can be created—ones that are more resilient to such changes, as well as flexible enough to encourage collaboration between the public and private sectors in order to allow implementation of innovative technologies.
The report also presents emerging practices related to PPP projects in developed and developing countries that were impacted by disruption over the past few decades. These examples as well as case studies provide an understanding of the scope and type of pressures that PPP contracts are faced with when disruptions occur.
Document Details:
How can private sector adoption of emerging technologies be supported within existing and future PPP projects? How can new technologies be harnessed to strengthen PPP projects going forward? Which parties should bear the burden of the risk of obsolete and stranded assets? And how can governments “future-proof” their pipeline PPPs?
This report addresses these questions systematically by
(i) defining disruptive technologies and their potential impacts on infrastructure projects and PPP contracts;
(ii) outlining different policy options during the project development phase that encourage private sector adoption of innovative technology while improving resilience towards technological disruption; and
(iii) discussing considerations for PPP contract management as well as future contracts to embed flexibility that allows for the integration of new technologies and accounts for technology disruptions that will inevitably occur.
Updated: October 12, 2023