The Indian Ministry of Railways (“MoR”) launched a in December 2012 to promote rail connectivity and capacity augmentation projects under 5 possible models:

• Non-Government Private Line model;
• Joint Venture (“JV”) model;
• Build, Operate and Transfer (“BOT”) model;
• Capacity augmentation with funding by customers; and
• BOT Annuity model

A. Introducción

El propósito de esta lista de comprobación no es reemplazar la revisión del contrato de construcción, sino ser utilizada después de esa revisión a fin de verificar que se hayan contemplado todas las áreas clave del contrato. No es esencial obtener respuestas positivas para todas las preguntas que siguen para asignar una revisión positiva al contrato, pero cabe esperar que la lista de comprobación sea de utilidad para detectar las áreas del contrato que requieran mejoras.

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1. Jurisdicciones de derecho civil/Common Law

2. En jurisdicciones de derecho civil:

• 2.1 ¿La ley contempla el ajuste de los términos en caso de cambios en las circunstancias?

  • a) Cambios en la estructura de costos;

  • b) utilización de los activos;

Restrictions on Ownership of Companies by Foreign Investors

When structuring the project company for any PPP project, particular attention should be paid to laws in the host country which may limit foreign ownership of key aspects of the project.

Taking Security

• Is it possible to take security over the project assets and/ or the land on which they are built?

• Is it possible to take security/ a pledge over shares? If so, do potential liabilities attached to those shares pass with the security?

• Is it possible to take security over the cash flows / contractual rights (including future rights as they crystallize) / bank accounts of the project?

• Which creditors get priority in the case of insolvency?

Emerging Market Private Equity Association (EMPEA) is a global industry association for private capital in emerging markets.

African Development Bank Guarantees

IDB work to improve lives in Latin America and the Caribbean. Through financial and technical support for countries working to reduce poverty and inequality, we help improve health and education, and advance infrastructure.  The IDB can guarantee loans made by private financial sources in public sector projects.

ADB’s guarantees support infrastructure projects, financial institutions, capital market investors and trade financiers, and cover a wide variety of debt instruments.