Revised Laws of Saint Lucia (2021)

109.   Public-private partnership contract

A public-private partnership contract must —

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    (a)     be in writing;

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    (b)     provide for risk allocation and management;

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    (c)     set out the performance standard required and mechanisms by which the private party is paid;

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    (d)     set out adjustment mechanisms by which services or payments are adjusted in response to changing circumstances;

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    (e)     set out how the gains from refinancing are determined and treated;

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    (f)     establish a dispute resolution process to ensure disputes are resolved quickly and efficiently without interruption of service;

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    (g)     set out the termination date and arrangements for close and handover of assets; and

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    (h)     set out circumstances that would allow for early termination and any financial consequences arising from such termination.