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When Things Go Wrong: Renegotiation and Cancelation of Infrastructure Projects

In: Public-Private Partnerships in Infrastructure

Author

Listed:
  • Kumar V. Pratap

    (Ministry of Urban Development, Government of India)

  • Rajesh Chakrabarti

    (O P Jindal Global University
    Sunay Policy Advisory Pvt. Ltd.)

Abstract

Renegotiation of signed long-term infrastructure contracts as well as their cancelation have increased in India, with opportunistic renegotiations that should be discouraged. This chapter starts with a brief conceptual background of renegotiations and then goes on to examine the international and Indian experience in renegotiations, while suggesting measures for preventing opportunistic renegotiations. Finally, the chapter examines the record of infrastructure project cancelations in India.

Suggested Citation

  • Kumar V. Pratap & Rajesh Chakrabarti, 2017. "When Things Go Wrong: Renegotiation and Cancelation of Infrastructure Projects," India Studies in Business and Economics, in: Public-Private Partnerships in Infrastructure, chapter 0, pages 261-288, Springer.
    • Handle: RePEc:spr:isbchp:978-981-10-3355-1_10
    DOI: 10.1007/978-981-10-3355-1_10
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