A major achievement of the central PPP unit of my Department, working with the sectoral PPP units of other Departments, is the negotiation of refinancing clauses in PPP contracts. These clauses provide that where a private financing package is renegotiated after the contract has been signed, and savings achieved on the cost of finance, the savings will be shared with the public sector. When we first sought such provision in contracts, this was very unusual. Now other countries are trying to emulate the success of my Department in negotiating such facilities which I am sure will bring savings in years to come.