Analysis and Review of Key Factors at PPP Project Renegotiation

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.