Section 22Sec./Art. 22

Wind-up and Transfer Measures. - All PPP contracts shall provide for wind-up and transfer measures. Such provision shall include, among other, the following:

(a) Mechanisms and procedures for the transfer of assets to the Implementing Agency, as may be applicable;

(b) The transfer of technology required for the operation of the PPP Project, subject to limitations under existing laws, rules and regulations;

(c) The training of the personnel of the Implementing Agency or of a successor in the operation and maintenance of the PPP Project;

(d) The provision, by the Private Partner, of a warranty that the PPP Project meets the project technical specifications, agreed system features, and performance standards and services for a certain period after the transfer of the PPP Project to the Implementing Agency; and

(e) In case of JV arrangements, the compensation to which the Private Partner may be entitled in case of buy-out and transfer of assets to the Implementing Agency.