New EPEC report “Managing PPPs during their contract life”
Sound management by the public contracting authorities from signature until the end of the contract life is crucial to the success of PPPs over the long run. To do so, the public contracting authorities “deal” focus needs to shift to a long-term “management” culture. New EPEC guidance on the matter will hopefully raise awareness and reinforce the ability of Authorities to plan their own operational management strategy and execute it without missing out any important steps that they will not be able to make up for. You can find the report here.
The EPEC team has completed a review of the European PPP market in 2013.
The European PPP market showed signs of improvements in 2013. 80 PPP transactions reached financial close for an aggregate value of EUR 16.3 billion.
New EPEC paper on “Financing PPPs with project bonds in Germany”
EPEC and Freshfields Bruckhaus Deringer have just published a paper on financing PPPs with project bonds in Germany. The paper provides an analysis of procurement issues that authorities in Germany need to address when financing through project bonds is contemplated.
Report on the treatment of Value Added Tax within PPPs
The treatment of Value Added Tax within PPP projects presents a range of sometimes complex issues for procuring authorities and providers alike. This paper strives to explain, in relatively straightforward terms, the basic principles around VAT in PPP projects, how it is treated at different stages of the project cycle and gives examples of how some Member States have handled these issues. You can find the report here.
Private Sector ForumThe Private Sector Forum, a semi-annual event organised by EPEC in co-operation with DG ECFIN from the European Commission, has proven to be a valuable source of information for the private sector both on EPEC's and the Commission's work on PPP and a sounding board for new ideas.
The last Private Sector Forum took place in Brussels on 10 December 2013 with a view to share knowledge and best practice on PPPs and Innvoation.
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.
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!
European PPP market in H1 2014: 34 deals
The European PPP market in H1 2014 was in line with last year's trend. 34 PPP transactions reached financial close for an aggregate value of EUR 9 billion.
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.
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.
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.
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
EPEC, European Investment Bank
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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.