On the basis of the information studied throughout the module, and any projects with which you are familiar, prepare a short paper, (about 5,500 words), addressing the key points of the following question. Specific examples may be cited to support points in your paper but a detailed case study or lengthy description of a project, or projects, is not required.
In PPP concessions the Concession Agreement is negotiated by the Principal and the SPV Promoter. Briefly explain why this is necessary. Frequently due to the time scale or internal and/or external changes, this Agreement requires re-negotiation, sometimes more than once. Re-negotiation is often regarded as a negative. Discuss, in the context of a transport infrastructure project, why re-negotiation could sometimes offer good value to the Principal, the Promoter and the general public.
Focus on ALL the key points of the question – write the question out in full. Structure the paper, introduction, logical sequence, and concluding section. Do not repeat large sections of basic course notes or theory. Avoid plagiarism. Use additional references to support your statements. Write critically.