The renegotiation of public-private partnership contracts: An overview of the recent evolution in Latin America

Guasch, J. Luis; Benitez, Daniel; Portabales, Irene; Flor, Lincoln

doi:10.1787/9789282108130-5-en

Cited by 18 publications

(26 citation statements)

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“…In this case, a low-cost firm would prefer a price cap, and a provider with higher costs or more uncertainty about future costs would rather have the cost-plus option. In expressing a preference, firms reveal information about their cost structures and comparative advantages, which allows for better-informed regulation (Guasch et al 2016).…”

Section: Contractual Design Can Improve Service Delivery Under Ever-rmentioning

confidence: 99%

Uncharted Waters: The New Economics of Water Scarcity and Variability

Damania¹,

Desbureaux²,

Hyland³

et al. 2017

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This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Nothing herein shall constitute or be considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved.

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Section: Contractual Design Can Improve Service Delivery Under Ever-rmentioning

confidence: 99%

Uncharted Waters: The New Economics of Water Scarcity and Variability

Damania¹,

Desbureaux²,

Hyland³

et al. 2017

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show abstract

“…Reside (2009) Guasch, Benitez, Portabales, and Flor (2014), 68 percent of all concession contracts in Latin America and the Caribbean were renegotiated at least once between 1980 and 2002, including 92 percent of water sector contracts, 78 percent of transport sector contracts, and 41 percent of electricity sector contracts. The authors noted that renegotiations were also common in developed economies, with the United Kingdom renegotiating 55 percent of contracts in all sectors, and the United States renegotiating 40 percent and France renegotiating 50 percent of highway projects.…”

Section: Box 14 Unsolicited Proposals and Suboptimal Outcomes In Thmentioning

confidence: 99%

“…The authors noted that renegotiations were also common in developed economies, with the United Kingdom renegotiating 55 percent of contracts in all sectors, and the United States renegotiating 40 percent and France renegotiating 50 percent of highway projects. Most of these renegotiations were to the detriment of the end user, with the private partner being the most common direct beneficiary (Guasch, 2004;Guasch et al, 2014).…”

Section: Box 14 Unsolicited Proposals and Suboptimal Outcomes In Thmentioning

confidence: 99%

Bringing PPPs into the Sunlight: Synergies Now and Pitfalls Later?

Reyes-Tagle¹

2018

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work is licensed under a Creative Commons IGO 3.0 Attribution-NonCommercial-NoDerivatives (CC-IGO BY-NC-ND 3.0 IGO) license (https://creativecommons.org/licenses/by-nc-nd/3.0/igo/legalcode) and may be reproduced with attribution to the IDB and for any non-commercial purpose. No derivative work is allowed.Any dispute related to the use of the works of the IDB that cannot be settled amicably shall be submitted to arbitration pursuant to the UNCITRAL rules. The use of the IDB's name for any purpose other than for attribution, and the use of the IDB's logo shall be subject to a separate written license agreement between the IDB and the user and is not authorized as part of this CC-IGO license.

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“…Usually renegotiation results improvement of the terms of the operator or investors, reduction of efficiency, reduction of quality for users and adverse financial impact, including increases indirect and contingent liabilities [6]. As Guasch indicates, many projects have been renegotiated overtime.…”

Section: Concept Of Renegotiation In Ppp Projectsmentioning

confidence: 99%

Analysis and Review of Key Factors at PPP Project Renegotiation

Wu¹,

Yang²

2016

Proceedings of the 2016 International Conference on Education, Management and Computer Science

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Abstract. The public-private partnership(PPP) projects, on one hand are critical in delivering public service, on the other hand have the characteristics propitious to recurrent renegotiation, which renders the extension of construction and concession, and increase of operation cost as well as the governmental responsibility and thus reducing the effectiveness and wasting the public resources. The author aims at review and analysis the risk upon renegotiation and propose several risk aversion strategies by exploring the key influencing factors of renegotiation based on several typical PPP renegotiation cases.

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The renegotiation of public-private partnership contracts: An overview of the recent evolution in Latin America

Cited by 18 publications

References 0 publications

Uncharted Waters: The New Economics of Water Scarcity and Variability

Uncharted Waters: The New Economics of Water Scarcity and Variability

Bringing PPPs into the Sunlight: Synergies Now and Pitfalls Later?

Analysis and Review of Key Factors at PPP Project Renegotiation

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