25. Termination Payments
| Principle On early termination of the project agreement, other than due to private party default, government must pay a Termination Payment to the private party. This payment is calculated in accordance with the principles set out in this Chapter. |
This chapter assumes that the private party has not taken residual risk on the project assets, and that those assets are transferred to government upon termination. In other circumstances, a different regime may be appropriate.