Section 17, The Public Private Partnership Act, 2014

(1) A contracting authority may agree with any entityextending financing for a PPP Agreement 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 under conditions indicated therein. (2) A contracting authority may facilitate a private partner to securitize any receivables and assets under the PPP Agreement in favour of a lender (security agent or trustee, or other agents or trustees of those providing financing), 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 Agreement.