Inter-creditor agreements may be required where the lessor owns the assets which are essential to providing the service.\u00a0 Other debt funders will wish to ensure that the project cannot be damaged by the finance lessor exercising rights to repossess the assets.\u00a0 This is particularly so if the assets have a realisable value, although less so if they are tailored and unique.<\/p>\n
There may be direct agreements with the awarding authority.\u00a0 Almost invariably public-private partnerships vehicles are financed on a limited recourse basis.\u00a0 Recourse is had to the project assets only.\u00a0 A special purpose company acts as such and conducts no other business.<\/p>\n\n
\n <\/div>\n\n","protected":false},"excerpt":{"rendered":"
PPP Finance Under PPP arrangements, in contrast to more traditional procurement, the private sector finances the projects from the outset.\u00a0 It receives payment or pre-payment, provided the asset meets performance criteria and availability. There may be a unitary payment upfront or payment over a period.\u00a0 As the sponsors are unlikely to be in a position […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[58],"tags":[],"_links":{"self":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/19398"}],"collection":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/comments?post=19398"}],"version-history":[{"count":5,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/19398\/revisions"}],"predecessor-version":[{"id":31328,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/19398\/revisions\/31328"}],"wp:attachment":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/media?parent=19398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/categories?post=19398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/tags?post=19398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}