Explanation:

A sound framework should encourage proactive information disclosure of both the project contract and the project’s performance. This is done in order to promote transparency and gain an acceptance of the PPP model by the general public as well as allowing for performance auditing of the PPP program. However, disclosure of the contract will need to be limited to protect the legitimate interests of the private partner in keeping commercial information confidential, as well as the need for the public partner to protect its position for future negotiations.

Contracts should clearly establish the information disclosure requirements as well as any exceptions from disclosure.

Some countries include the suggested extent of information disclosure by the private partner in their PPP guidelines and standards. This includes templates for gathering and collecting the relevant information from the contract, suggested contents of a project summary that should be made available to the public, and standard provisions for the contract in this respect. In this sense, publishing the full contract is not universal and it is usually done with redactions. However, publishing a project summary or contract summary is quite common and good practice. Another recommended approach is to require the private partner to establish a website about the project and its evolution, especially during the Construction Phase.