A presentation to ADB staff and other event participants in respect of the renegotiation of Public-Private Partnership contracts, as part of a program of webinars dealing with the application of the principles of QII to PPP transactions. Many PPP projects globally have had to deal with the renegotiation of the contract initially agreed upon by the government procuring authority and the private sector project company – and there is a strong likelihood that requests for such renegotiations may increase in the future due to the impacts of the COVID-19 pandemic.

From a government perspective, the principal challenge with such renegotiations is to ensure, in a transparent and accountable manner, that the new contractual arrangements achieve ‘value for money’ in the absence of the competitive tension that existed when the original contract was executed. The training discussed the available data on the prevalence of PPP renegotiations (in Asia and globally), and provided guidance on:

• the principal causes of PPP renegotiation requests; and

• lessons learned from previous renegotiation experiences, including leading practices by governments in transparently achieving ‘value for money’ outcomes.