English to French Bus/Financial Finance (general) Financing of a projet (risk allocation)

Where the contracting agency involved in the project is the same authority that would expropriate property,

the concession agreement can act as a specific undertaking to restrict the contracting agency’s right to

expropriate the project assets. This may not, however, be effective under applicable law, nor indeed be

enforceable against the contracting agency. A more efficient protection is to establish a regime for

compensation for such expropriation. Assurances can also be obtained from other government entities or by

way of constitutional reform or enactment of legislation