Region: Europe and Central Asia
Country: European Union
Topic: PPP Reference Guide
Keywords: About PPP, Knowledge Lab, PPP Reference Guide, Online Guide, PPP Basics
The DLA Piper European PPP Report 2007 was upbeat and buoyant, reporting on an expanding market with good prospects for sustainable growth. By the end of 2007, the market had changed dramatically, coming close to stopping in its tracks. The spread of the banking crisis has brought about a re-evaluation of whether funders can provide long term, highly leveraged project finance, given the lack of confidence in refinancing options and in capital markets. Deals have closed, but on significantly higher margins and more aggressive terms, with general difficulty in reaching financial close in a timely manner on even the best of projects. Equally, the public sector has been suffering with a reduction in tax revenues and big holes in government budgets, together with rising unemployment and social expenditure. Thus, governments have had to look hard at their economic policies and decided whether they should use spending on infrastructure as an anti0cyclical measure.
DLA Piper. 2009. European PPP Report 2009. London: DLA Piper. [#2242]
Provides an overview of the status and direction of PPP in Europe, detailed reviews by country, and a list of projects in the pipeline and implementation in the report year.
Updated: July 14, 2022