What's new

Eurostat EPECA Guide to the Statistical Treatment of PPPs

This new “Guide to the Statistical Treatment of Public Private Partnerships” has been prepared by EPEC and Eurostat with a view to help PPP stakeholders better understand the impact of PPPs on government balance sheets. It explains if and how the features of typical PPP contracts influence the statistical treatment of a PPP as “on” or “off” the balance sheet of government. The Guide comes as a response to calls from many public and private sector stakeholders for more clarity on the rules used by Eurostat for assessing the statistical treatment of PPPs. The report is available here.

EPEC Members 


Ministere De L'Economie, De L'Industrie Et De L'Emploi De La Republique Francaise

Bundesministerium Für Finanzen

Vlaams Kenniscentrum Pps And Cellule D'Informations Financieres

The Ministry Of Finance Of The Republic Of Bulgaria

The Agency For Ppp

The Planning Bureau Of The Republic Of Cyprus

The Ministry Of Finance Of The Czech Republic

The Competition Authority Previously The Danish Enterprise And Construction Authority

The Ministry Of Finance Of The Republic Of Finland

Bundesministerium Für Verkehr, Bau Und Stadtentwicklung And Finanzministerium Des Landes Nordrhein-Westfalen Der Minister

The Ministry Of Economy And Finance Of The Hellenic Republic

The Ministry Of National Development Of The Republic Of Hungary

The Ministry Of Finance Of The Republic Of Ireland

Unità Tecnica Finanza Di Progetto - Presidenza Del Consiglio Dei Ministri Della Repubblica Italiana

The Ministry Of Economy And Finance

The Ministry Of Economics Of The Republic Of Latvia

The Ministry Of Finance Of The Republic Of Lithuania

The Malta Investment Management Co Ltd

The Ministry Of Finance Of The Netherlands

The Ministry Of Economy Of The Republic Of Poland

Ministry Of Finance

The Ministry Of Public Finance Of Romania, Ppp Central Unit

Scottish Futures Trust

The Ministry Of Finance Of The Slovak Republic

The Ministry Of Finance Of The Republic Of Slovenia

Direccion General De Presupuestos Y Analisis Economico De La Comunidad De Madrid And Ministerio De Fomento And Departament De Territori I Sostenibilitat De La Generalitat De Catalunya

Prime Ministry Undersecretariat Of Treasury

Her Majesty’s Treasury

The Welsh Assembly Government

Ministry Of Finance Of Israel

The Government Of Montenegro

Ministry Of Economic Development, Trade And Entrepreneurship

Inspection Generale Des Finances

Ppp Commission

Partnership Kosovo

Strategic Investment Board Limited

France Spain United Kingdom Scotland Germany Portugal Belgium Wales Netherlands Denmark Italy Austria Czech Republic Slovak Republic Hungary Romania Bulgaria Geece Poland Lithuania Latvia Finland Ireland Croatia Turkey Slovenia Malta Cyprus Israel Montenegro Albania Luxembourg Serbia Kosovo Northern Ireland

Market Analysis

Total volumeEuropean PPP Market in 2015: 49 deals

49 transactions reached financial close for an aggregate value of EUR 15.6 billion. In value terms, the market decreased by 17% compared to 2014.

See sectorial breakdowns by value and by number of projects

Market Update 2015

Market Update 2014

See previous Market Updates



General EIB enquiries (including potential lending and project-specific enquiries)


EPEC specific enquiries


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L-2950, Luxembourg


In depth analysis

Termination ProvisionsTermination and Force Majeure Provisions in PPP Contracts

EPEC paper on “Termination and Force Majeure Provisions in PPP Contracts” is 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.

State GuarateesState 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.

Using EU funds in PPPsPortugal - PPP Unit and Related Institutional Framework

This report provides an overview of the PPP institutional set-up in Portugal. It places a particular emphasis on UTAP, the central government PPP unit. The report is available here.

Using EU funds in PPPsFinancing PPPs with Project Bonds

Bond financing can play a major role in bridging the financing gap for infrastructure investments. This report highlights the key characteristics of bond financing and identifies the main issues that authorities will typically face when PPPs are to be financed with bond instruments. The report is available here.

managing_ppps_during_their_contract life .JPGNew EPEC report “Managing PPPs during their Contract Life”

Sound management by 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 typical “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. You can find the report here.

Market updateNew EPEC report “Role and Use of Advisers in Preparing and Implementing PPP Projects”

For public procuring authorities, the expertise required to undertake PPP projects is both diverse and specific. This EPEC paper is designed to help public contracting authorities, especially less experienced ones, to understand what they can reasonably expect from their advisers and how they can obtain the best advice from them. You can find the report here.

eurostatNew EPEC report “Risk Distribution and Balance Sheet Treatment – Practical Guide”

This revised edition updates the Eurostat Practical Guide published in 2011 to reflect the main changes introduced to the statistical rules on PPPs and concessions, following the implementation of European System of Accounts 2010 (ESA10) in September 2014. It reflects the rules contained in the Eurostat Manual based on ESA10. The Guide is intended to give advice on the impact the risk distribution in a specific project has on government deficit and debt. It contains a checklist of issues designed to help authorities determine the possible statistical treatment of a PPP or concession project. The Guide is available here.

market updateNew EPEC report “Financing PPPs with Project Bonds in France”

Financing PPPs through project bonds may help to improve the Value for Money of projects by lowering the cost and lengthening the term of financing. However, the use of project bonds may be constrained by procurement hurdles or require procuring authorities to adapt their procurement practices. EPEC, in collaboration with Freshfields and MAPPP, has produced a paper which reviews the main obstacles to the use of project bonds in France and identifies potential solutions to overcome these. The paper, in French, is available here.

managing_pppsNew EPEC report “Establishing and Reforming PPP Units” 

Most European countries have established some form of centralised capability as a core part of their institutional framework to implement PPPs, usually in the form of a specialist PPP unit. EPEC has conducted reviews of institutional frameworks for 24 countries. The purpose of this report is to draw collectively from these reviews in order to identify trends and lessons learnt.  You can find the report here.

European Investment Bank

PPPs and European Investment Bank

The European Investment Bank is a major financier of European PPP projects. Details of all PPPs financed since 1990 are available here. The full project database of the Bank can be found on its website.

Western Balkans Initiative

PPP Institutional Strengthening in the Western Balkans

This initiative aims at bringing EPEC’s expertise to the Western Balkans region through the sharing of knowledge and experience. For more information, see here.

PPP Project Preparation Status Tool

PPP Project Preparation Status Tool

Developed by EPEC, the PPP Project Preparation Status Tool aims to assess the preparation status of a given PPP project by reference to a typical good-practice PPP project development process.
To use the Tool, please download the file on your computer, enable the use of macros and follow the detailed instructions provided within the Tool.

Click here to download the tool (English version)

EPEC events 

Discussing PPP-related topics

EPEC has been organising events involving the private sector, in order to discuss and address PPP-related topics. Further details and documents about specific events are available here.

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