Sustainable private financing initiative contracts

Abstract

One critical element of PFI projects is the contract which binds the Special Purpose Vehicle (SPV) (project promoter) with the government (client). Drawing up the PFI contract is by no means a simple undertaking because elements of economy, social, technological and intellectual considerations will have to be coherently spelt out. Adding on to this now is the requirement to include sustainable considerations. However, this can be very vexing because sustainable project elements can have serious implications to the project implementation process, costing and viability.