They signed unbalanced concession agreements by bearing too many risks and, accordingly, could not keep their promises during the execution of the projects, resulting in defaults by local governments and disputes between them and the investors, with the PPP project Case of Shenyang No.9 Water Supply Plant being a good illustration (Qi et al., 2009). 他们通过承担太多的风险签署了不平衡的特许协议,从而在项目执行过程中不能遵守诺言,这导致了地方政府的违约以及他们和投资者之间的纠纷,沈阳第九水厂的PPP项目案例就是一个很好的证明。 The chaotic conditions created by the pilot PPP projects led the Central Government to issue notices to “clear up” such PPP projects, leading to the decre
原创力文档

文档评论(0)