GLOBAL: 2019 Guidance on PPP Contractual Provisions

PPIAF funded a release of the 2019 Guidance on PPP Contractual Provisions. The initial Guidance was released in 2017 and focused on eight selected contractual provisions essential for a PPP project’s bankability. The 2017 Guidance was the first attempt by a Multilateral Development Bank (MDB) to prepare a compilation of such standardized clauses. The new 2019 version incorporated the feedback the World Bank received from stakeholder engagement, such as climate change considerations, social/environmental impact and infrastructure sustainability. It also includes three additional chapters on contracting authority step-in rights, termination events, and handback of assets at the end of the PPP Contract.