5 edition of Concession contract renegotiations found in the catalog.
Concession contract renegotiations
2001 by World Bank, World Bank Institute, Governance, Regulation, and Finance Division in Washington, D.C .
Written in English
If having firm-driven renegotiations of contracts for infrastructure services is a major concern, efficiency should not be the only consideration in selecting an operator, indeed, consumers may want to award the concession to a less efficient firm if that would reduce the probability of renegotiation.
|Statement||Antonio Estache, Lucia Quesada.|
|Series||Policy research working paper ;, 2705, Policy research working papers (Online) ;, 2705.|
|Contributions||Quesada, Lucia., World Bank Institute. Governance, Regulation, and Finance Division.|
|The Physical Object|
|LC Control Number||2002615917|
Conclusions The Argentinean experience of privatising water and sewerage public services raises some issues that should be taken into account when assessing the appropriateness of using a public-private association model. Article 30 Loans and Similar Contracts 1. There was no vacation pay, no sick leave, no disability compensation. On 22 July"the court accepted the Iranian argument that the dispute was between the Iranian government and a foreign corporation, not the British government; since the dispute was not about a treaty or convention with a foreign government, it was subject to Iranian domestic law".
If there is no cost to the government, then no agreement is necessary. Article 37 Inspection 1. As such, it is often asserted that in order to ensure a level playing field between the Concession contract renegotiations book investor and its host government, the foreign investor could and should usefully seek international legal protection by structuring its investment so as to take advantage of a favorable investment treaty or insert contractual clauses much to the same effect that will protect the investor and the investment in the face of any adverse government action. If it is found that the implementation of construction work is not in compliance with the approved project plan or is in breach of applicable laws, regulations or contracts, the government may, through the DSSOPT suspend and ban the implementation of construction work in accordance with the law.
Groundwater in some areas has high iron content and needs to be filtered. The nature of the contract modifications demonstrates that their principal objective Concession contract renegotiations book to benefit Aguas Argentinas, reducing company risk to almost zero. Within a year of peace inthe BTC fleet had returned to its pre-war total of 93 vessels. It thus appears that, in many cases, private firms secure contracts based on their commitments to provide a certain level of service to a certain number of users at a certain price, only to subsequently pursue renegotiation in order to reduce their obligations or increase the price charged to users.
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They quit their corporate Concession contract renegotiations book, moved back East, got married, started a family and decided to try something new. Flooding is a major problem affecting Jakarta. They issued a Rupiahs billion bond on the Indonesian Concession contract renegotiations book market in The Subconcessionaire undertakes to implement the investment plan attached to this Subconcession Contract under the terms therein stated.
If it is not feasible to purchase insurance with such kind of insurance companies or such purchase brings an excessive burden to the Subconcessionaire, upon permission of the government, the relevant insurance contracts may be entered into with insurance companies outside the Macau SAR.
Mussadiq sic resigns or is replaced, it is just possible that we shall be able to get away from outright nationalization As such, it is often asserted that in order to ensure a level playing field between the foreign investor and its host government, the foreign investor could and should usefully seek international legal protection by structuring its investment so as to take advantage of a favorable investment treaty or insert contractual clauses much to the same effect that will protect the investor and the investment in the face of any adverse government action.
Water losses have been reduced, but much slower than foreseen in the concession contracts. The public contract partner of the private companies, PAM Jaya, however, receives higher revenues from commercial customers and wealthier residential customers since these pay higher tariffs than the poor residential customers.
The Ministry of Public Works must be able to justify the changes for duly substantiated reasons of public interest in a public report. Between and the water tariff increased threefold, from to 1, Rupiahs USD 0.
As such, there are very few, if any, absolute prohibitions on amendment of PPP agreements in any jurisdiction with significant PPP projects. As part of the project connection fees were reduced to USD 13, or less than one tenth of the usual fee.
See general information about how to correct material in RePEc.
In addition to variables designed to capture State opportunistic behaviour, proxy variables measuring the factors of renegotiation usually mentioned in the Concession contract renegotiations book were added to our empirical analysis. In the case of Colombia, it occurred on average only one year after that contract was signed Table 1.
Colombia alone saw extra fiscal costs from renegotiation worth USD 5. Finally, contract supervision and regulation could be conducted by an independent institution to avoid conflict of interests. J also runs the popular website Flip.
Arriving in Tehran on 15 JulyConcession contract renegotiations book claimed that the United States accepted nationalization, yet insisted on having "a foreign-owned company to act as an agent of NIOC in conducting operations in Iran".
The city instead announced its intention to buy the shares itself. In accordance with the contents of the investment plan attached to this Subconcession Contract and the applicable regulations, the government may, in particular through the DSSOPT, supervise and inspect the implementation of the construction work, in particular the implementation of work plans and the quality of materials, systems and equipment.
Article 39 Use of Outstanding Amount of the Investment set forth in the Investment Plan If, after the completion of construction set forth in the investment plan attached to this Subconcession Contract, the total amount of expenses made directly or, subject to prior approval from the Government, indirectly by the Subconcessionaire is lower than MOP 4.
Sigit's firm PT Kekar Pola Airindo — which had no experience in water supply - received 20 percent of shares in a joint venture with Thames Water. For example, the flood inundated more than 70 percent of the city and sent aboutfleeing their homes. Access by the poor[ edit ] The private companies have specifically attempted to improve the supply of clean drinking water to slum areas where house connections are difficult because residents do not own the land on which they live.
There is broad agreement that the contract modifications were made in the interests of the company and had a seriously negative impact on consumers and the population in general. Any real concession on this point is impossible. Grievances included the small fraction of revenues Iran received.
Groundwater over-exploitation and land subsidence.This chapter examines the contract renegotiations between Argentina's provincial governments and Concession contract renegotiations book investors holding concession contracts in the country's electricity distribution and water sectors Concession contract renegotiations book the country's –02 economic crisis.
It focuses on two aspects of post-crisis contract renegotiations: first, it examines the circumstances under which firms and host governments. To facilitate renegotiations between the public and private sectors, this research has developed a concession renegotiation framework and compensation models for three common compensation measures, namely, toll adjustment, contract extension, and annual subsidy or.
Indeed, consumers may want to award the concession to a less efficient firm if that would reduce the probability of renegotiation, since a lower probability of firm-driven renegotiations (due to demand shocks, for example) is associated with higher welfare for all service users.Water privatisation in Jakarta began when the British water pdf Thames Water entered into an agreement pdf the son of then-President Suharto in to obtain a water concession.
Under the influence of the French water company Suez, however, the government decided to split the city's service area between the two galisend.com government awarded Thames Water and Suez each a .Downloadable! This paper studies the renegotiations of road concessions in Chile, Colombia and Peru for the period First, it analyses download pdf legal framework, the institutional design and the types of concessions of these countries and second, it uses a novel data composed of a sample of 61 of the 62 road concession contracts to explore the renegotiation of these concessions.
50 out of.SUBCONCESSION CONTRACT FOR OPERATING CASINO GAMES OF CHANCE The terms ebook the land concession contract to be executed between the government and the Subconcessionaire shall be subject to the provisions of this Subconcession Contract, to the applicable extent.
will be subject to renegotiations between the government and the.