[72C Second exception: public-private partnership]
[72C Second exception: public-private partnership]

[(1)     Section 72A does not prevent the appointment of an administrative receiver of a project company of a project which—

(a)     is a public-private partnership project, and

(b)     includes step-in rights.

(2)     In this section “public-private partnership project” means a project—

(a)     the resources for which are provided partly by one or more public bodies and partly by one or more private persons, or

(b)     which is designed wholly or mainly for the purpose of assisting a public body to discharge a function.

(3)     In this section—

“step-in rights” has the meaning given by paragraph 6 of Schedule 2A, and

“project company”

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