EU Directive 2014/23/EU on the Award of Concession Contracts

European Union (EU): Directive 2014/23/EU of the European Parliament and of the Council of 26 February 2014 on the award of concession contracts (available in many EU languages including English, French and Spanish). The new EU directive sets out minimum EU requirement for the award of concession contracts by public authorities to procure works or services from private suppliers. More information on the EU directive is available on the website of the European Commission.

PF2: User Guide

HM Treasury have issued a new policy document and new contract standardisation guidance for PF2 as follows:

(a) “A New Approach to Public Private Partnerships” (“PF2 Policy”) (http://www.hmtreasury.gov.uk/infrastructure_ppp_contractual.htm) and

(b) “Standardisation of PF2 Contracts” (“PF2 Guidance”) ((http://www.hmtreasury.gov.uk/infrastructure_ppp_contractual.htm).

PF2 Guidance replaces the old PFI guidance named “Standardisation of PFI Contracts Version 4” which was issued in March 2007 (“SoPC 4”).

Deciding the Procurement Strategy

This section describes in more detail the range of PPP contract types under the definition of PPP used in this Reference Guide; and some of the more common terminology used globally to describe PPPs.

Managing PPP Transactions

Describes each of these steps, and provide further resources and tools for practitioners interested in managing PPP transactions.