To promote the standardization of contracts for Public Private Partnerships (PPPs), the World Bank Group published its 2017 Guidance on PPP Contractual Provisions. How does the Guidance allocate risks to protect the state’s capacity to serve the public interest? These are the key issues in a legal analysis realized by Foley Hoag.
The world is experiencing the “biggest investment boom in human history”, with some $6-9 trillion annually (8 per cent of global GDP) devoted to mega, giga and tera (million, billion, and trillion) dollar projects. The G20 sees massive infrastructure investment as one of the ‘silver bullets’ that can achieve its target and, by boosting trade and integration, add $2 trillion to the global economy and create millions of jobs.