Section 17, The Public-Private Partnership Act, 2010

(1) A contracting authority may agree with any entityextending financing for a PPP Project and a private partner to provide for the substitution of the private partner with another person appointed to perform under the existing PPP Agreement, upon a material default by the private partner or other event that could otherwise justify the termination of the PPP Agreement. (2) A contracting authority may facilitate a private partner to securitise any receivables and assets of the PPP Project in favour of a lender, subject to such terms as the contracting authority may determine in order to safeguard the successful implementation, completion, working, management and control of the PPP Project.