Description
Under the scope of PPPs, renegotiations are becoming more relevant, as empirical evidence suggests that most PPP projects are inevitably renegotiated, i.e., the original contract needs to be adapted to new and unforeseen circumstances.
Carlos Oliveira Cruz is an Associate Professor of Construction and Infrastructure Economics at Instituto Superior Técnico, University of Lisbon, Portugal, and a researcher at CERIS. He was an advisor to the Portuguese Secretary of State for Transportation and a visiting scholar at the Harvard Kennedy School, USA.
Joaquim Miranda Sarmento is an Assistant Professor of Finance at ISEG - Lisbon School of Economics and Management, Universidade de Lisboa, Portugal. He holds a PhD in Finance from Tilburg University, Netherlands. He was a chief economic advisor to the President of the Portuguese Republic and has worked at UTAO (Technical Budget Support Unit at parliament) and for more than 10 years at the Portuguese Ministry of Finance.