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    <title>PPP Contracts in the Infrastructure Sector</title>
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    <description>PPP concession agreements should incorporate ex-ante trigger provisions to manage long-term unforeseen risks and reduce post-award renegotiation and litigation; draft guidance for National Highway and Major Port concessions has been prepared. Complementary government measures include specialized infrastructure financing vehicles, tax pass-through for securitization trusts, extended loan tenors and take-out finance, flexible refinancing and higher lender exposure norms, and an institutional Project Monitoring Group to track and facilitate resolution of stalled critical projects.</description>
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