European PPP Expertise Centre
The forthcoming Private Sector Forum will take place in Brussels on 18 April 2013 with a view to share knowledge and best practice in the area of Public Procurement. The agenda for this event is available here.
Market Update - whole 2012
The EPEC team has completed a review of the European PPP market in 2012.
The European PPP market recorded its lowest volume and number of transactions for a decade. The UK recorded both the highest volume and number of transactions closed. During the period 66 transactions reached financial close, with an aggregate value of EUR 11.7 billion.
New funding available to support transport PPP investigation and preparation
TEN-T Executive Agency has announced that it will make funding available to give “support to Public Private Partnerships (PPPs) and innovative financial instruments.”
Details of what projects are eligible and how to apply are available in the 2012 Annual Call for Proposals under the third priority area.
Energy Efficiency Awareness Raising
As part of a recent agreement with DG Energy, EPEC now has a small team dedicated to awareness raising of Energy Efficiency (EE) issues. Alongside raising awareness with regard to Structural and Cohesion fund utilisation, and financial instruments available to support Energy Efficiency, the team will also focus on supporting DG Energy’s new campaign to promote Energy Performance Contracts, particularly within its Members at the national level. As part of this work, a dedicated website is now available specifically to address EE issues. The website is a work in progress and new material will be added on an ongoing basis, so keep checking here!
New EPEC paper on “Financing PPPs with project bonds”
This EPEC paper highlights the key characteristics of bond financing and identifies the main issues that procuring authorities will typically face when PPPs are to be financed with bond instruments. It is primarily aimed at procuring authorities and public stakeholders generally.
New EPEC papers on “Combining EU funds and PPPs”
EPEC has completed its stocktake report on projects having successfully combined EU funds and PPP as well as a case study on the Poznan Waste-to-Energy project in context of the work stream “Combining EU Funds and PPPs”.
Eurostat Guidance
At the request of the Eurostat working group, the EPEC Executive published a Practical Guide on the Balance Sheet Treatment of PPPs and a case study on Eurostat’s recent reclassification of a Portuguese project in September 2011.
Case study - Reclassification of Portuguese PPP
EUROSTAT Treatment – Practical Guide
Polish version - PPP w statystyce - Praktyczny przewodnik
New version of the Guide to Guidance
A new version of EPEC's PPP guide "The Guide to Guidance - How to Prepare, Procure and Deliver PPP Projects" is now available for download. The EPEC executive team has worked to improve its readibilty and further update the guidance material.
Read the new Guide to Guidance here.
The Non-Financial Benefits of PPPs
The assessment of Value for Money from a PPP should include both financial and non-financial costs and benefits. VFM analyses, however, often concentrate on the financial aspects of transactions, sometimes ignoring non-financial benefits. This may lead to inappropriate conclusions. This paper provides a framework for analysing some of the non-financial benefits that may result from PPP projects. This is particularly important as the incentives, and contractual structure, inherent in a PPP transaction give reasons to believe that the non-financial benefits delivered by a PPP may often exceed those available from conventional procurement.
European PPP market in 2012: 66 deals
EPEC data evidences that in 2012 66 transactions have reached financial close, for a total financing volume of EUR 11.7 billion. The UK proved to be the most active PPP market in Europe both in terms of volume and number of projects.
See details by volume and by number of projects
Termination and Force Majeure Provisions in PPP contracts
EPEC is pleased to announce that a paper on “Termination and Force Majeure Provisions in PPP contracts” is now available here. This paper has been produced in collaboration with Allen & Overy LLP. Its aim is to provide contract design guidance to PPP procuring authorities and public decision-makers.
PPPs in Next Generation Access
EPEC has issued a new report on Delivering next generation access through PPP. Read the report here.
PUBLIC CONSULTATION
The European Commission is holding a public consultation to gather information from stakeholders on the revised Broadband Guidelines, which lay down how the Commission will apply the EU state aid rules in relation to public support granted for broadband network infrastructure deployment. More information can be found here.
New EPEC Guidance on Energy Efficiency in public buildings
EPEC has completed its Guidance on Energy Efficiency which provide information on the structuring of EPCs for public buildings and refers to additional sources of good practice, in context of the work stream “PPPs in Energy Efficiency”.
Read the Guidance.
State Guarantees in PPPs
State Guarantees have been a feature of PPP programmes for many years. However, with the onset of the credit crisis in 2007, their use has become more prevalent and varied in nature. Based on the now widespread experience of EPEC members in this field, EPEC has produced a paper on this issue (also available in italian). It is designed to help policy makers in evaluating whether State Guarantees are an appropriate tool for their PPP programme and, if so, by providing guidance on how best to implement and manage them.
Combining EU funds and PPPs
At the end of 2009, the European Commission released a communication on public-private partnerships (PPPs). In this context, it declared that it would support the financing of PPPs by introducing new financial engineering instruments. It also indicated that it was looking for ways to make the combination of EU grants and PPP structures more attractive and accessible. This EPEC report presents the instruments currently available for combining PPPs with EU Funds and it highlights the main challenges involved in blending and offers conclusions.
New version of the Guide to GuidanceA new version of EPEC's PPP guide "The Guide to Guidance - How to Prepare, Procure and Deliver PPP Projects" is now available for download. The EPEC executive team has worked to improve its readibilty and further update the guidance material.
PPPs on or off the balance sheet?
EPEC has produced guidance on the definition, purpose and methodology of PPP accounting and statistical treatment and explains their impact on government deficit and debt. It provides an insight into the purpose and fiscal impact of as well as new trends in accounting and statistical treatment of PPPs. The statistical aspects of this paper were developed in dialogue with Eurostat. The paper reflects the new “Manual on Government Deficit and Debt - Implementation of ESA 95 - 2010 edition” published on 29 October 2010.
Eurostat statistical treatment of PPPs
Where we were and where we are going?
This paper has been prepared by the European PPP Expertise Centre, in collaboration with Partnerships UK. It provides background information on the role of capital markets in PPP financing, and their principal advantages
Capital Markets in PPP financing crisis
General Enquiries
Email: InfoDesk@eib.org
Address:
EPEC, European Investment Bank
98-100, boulevard Konrad Adenauer
L-2950, Luxembourg
PPP and European Investment Bank
The European Investment Bank (EIB) is a Sponsor of EPEC. The Bank is a major funder of European PPP projects and the credit crisis has increased its importance in this field. Details of all PPPs funded between 2000 and 2011 is available here. The full project database of the Bank can be found on its web site.
The European Commission and PPP
The Directorate General for Transport (DG MOVE) is a Sponsor of EPEC. DG MOVE and the TEN-T Executive Agency appreciate the importance of PPPs in completing the Trans European Transport Network (TEN-T). From 2011, the Directorate General for Regional Policy (DG REGIO) will also sponsor EPEC. The Directorate General for Economic and Financial Affairs (DG ECFIN) runs jointly with EPEC the Private Sector Forum.
The next Private Sector Forum will be held on 18 April 2013 in Brussels.
For more details on previous events: Read more...
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