Country: Global / Non-Specific
The COVID-19 pandemic presents an unforeseen major shock to the global economy and has affected infrastructure projects, and in particular PPPs, at all stages and in all sectors with implications for governments, providers of infrastructure assets and services, their financiers, and users. The impact of the pandemic has underscored the importance of strengthening key provisions in PPP legal frameworks to ensure that resilience to global disasters, like pandemics, and other kinds of external shocks is stronger integrated in PPP projects and programs.
This Practice Note aims to provide the basis for further discussion regarding the core content of such PPP legal frameworks that build on best practice and takes into account lessons learned as well as the new market reality post COVID-19.
Updated: June 17, 2022