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Devapriya, K A K and Alfen, H W (2004) An empirical analysis of debt capacity of project companies in emerging economies. Journal of Financial Management of Property and Construction, 9(03), 141–54.

Duffield, C F and Regan, M (2004) Public private partnership arrangement for the Spencer Street station upgrade in Victoria, Australia. Journal of Financial Management of Property and Construction, 9(03), 163–78.

Elbing, C and Devapriya, K A K (2004) Structured risk management process to achieve value for money in Public Private Partnerships. Journal of Financial Management of Property and Construction, 9(03), 121–8.

Lamb, D J and Merna, T (2004) Reappraisal of public private partnerships: an overview of refinancing, restructuring and termination. Journal of Financial Management of Property and Construction, 9(03), 155–62.

  • Type: Journal Article
  • Keywords: Public Private Partnerships; refinancing; restructuring; termination; default; reappraisal
  • ISBN/ISSN: 1366-4387
  • URL: http://www.emeraldinsight.com/journals.htm?issn=1366-4387
  • Abstract:
    Public Private Projects (PPP) typically have long operation periods. During the projects lifecycle risk occur altering the risk profile of the project challenging the original terms of the lending or concession agreements. In circumstances where the original terms may be either inefficient or breached PPPs are reappraised. This paper provides a definition of three reappraisal strategies; refinancing, restructuring and termination, which are adopted by the public and private participant to address events impacting the cash flow of a PPP. The definition of each strategy proposed is used to identify a series of techniques that are available for the reappraisal of a PPP providing an appreciation of how the project may improve its financial robustness beyond that originally forecasted. Finally a theoretical overview of refinancing, restructuring and termination of PPP is proposed.

Ye, S and Tiong, R L K (2004) Public-private partnership for power projects: a case study of Hub power project. Journal of Financial Management of Property and Construction, 9(03), 129–40.