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- W3204252078 abstract "This article analyzes the different ways to terminate public-private-partnership (PPP) contracts early. It discusses how early terminations should be addressed to mitigate the consequences in terms of attractiveness , bankability, unfairness and litigation. The different ways to compensate private partners are examined. A new methodology for calculating the due compensation is proposed whenever governments voluntarily terminate a PPP contract based on the public interest. We posit that early termination clauses of contracts that comprise fair and reasonable compensations are required to provide meaningful incentives and contestability to acceptable returns on essential public services avoiding political and conflicting issues. • The early termination of a PPP contract can be a costly process. • Contract clauses can be unfair and reduce the attractiveness and bankability. • A new methodology to estimate a fair and reasonable compensation is proposed. • Contracts should be drawn with preemptive and well-designed clauses." @default.
- W3204252078 created "2021-10-11" @default.
- W3204252078 creator A5075284791 @default.
- W3204252078 date "2021-12-01" @default.
- W3204252078 modified "2023-09-27" @default.
- W3204252078 title "Public interest and early termination of PPP contracts. Can fair and reasonable compensations be determined?" @default.
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- W3204252078 doi "https://doi.org/10.1016/j.jup.2021.101301" @default.
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