A&O supports the World Bank in developing its new Guidance on PPP Legal Frameworks 2022
13 July 2022
Allen & Overy has supported the World Bank in developing its new Guidance on PPP Legal Frameworks 2022. The guidance adds to the existing stable of tools and knowledge products the Bank makes publicly available to guide decision-making about public-private partnerships (PPPs).
Experience has shown that a well-designed PPP legal framework integrated into a jurisdiction's broader legal and political ecosystems can be a key element in successfully delivering PPP objectives. It can improve a country's ability to reliably attract competitive, experienced private sector and overseas investor interest and ensure that PPPs satisfy the needs of the public and the government.
Partner Tim Conduit said “We were extremely pleased to assist the World Bank again in developing its new Guidance on PPP Legal Frameworks. With trillions of dollars of infrastructure investment needed over the next few decades to meet the UN’s Sustainable Development Goals and accelerate the transition to net zero, governments will need a range of methods for delivering infrastructure assets and services. This new guidance helps governments design an effective legal environment for PPPs and ensure that environmental and social factors are considered at every stage of a project”.
Drawing on deep experience of advising clients on all sides of PPP transactions, A&O lawyers have been engaged by government and other bodies across the globe to advise on a variety of national and international PPP guidance documents and government PPP programmes and frameworks, including the first PFI/PPP contract standardisation guidance for the UK Government in 1999 which has since been exported and developed globally and, more recently, the World Bank’s Guidance on PPP Contractual Provisions 2019 (and 2017) and the G20 Global Infrastructure Hub’s PPP Risk Allocation Tool 2019.
Click here to access our blog to mark the launch of the latest guidance and the full report.