European PPP Expertise Centre
Save the Date - Next Private Sector Forum on 6 June 2012
The 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 next meeting will focus on Financing Future Infrastructure and take place on 6 June 2012 in Brussels.
More information can be found here. For registration, please send an email to ecfin-l3@ec.europa.eu indicating your choice for the afternoon workshop.
Market Update - 2011
The EPEC team has completed a review of the European PPP market in 2011.
The European PPP market was fuelled by a limited number of very large transport transactions. The year was marked by the dominance of the French market (in value terms) and a sharp increase in the average transaction size. Overall, 84 transactions reached financial close, with an aggregate value of EUR 18 billion.
Competitive Dialogue
EPEC has published a review of procurement procedures used in PPP procurements across Europe with a particular focus on competitive dialogue. The report identifies the main benefits and problems with the use of the competitive dialogue procedure based on practical experience of the EU member states to date.
Italian version now available.
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.
Mediterranean infrastructure challenges: the potential of PPPs
At the 9th FEMIP Conference held the 30th of May in Casablanca the results of a regional study financed under the FEMIP Trust Fund on the legal and financial readiness of PPP’s in the Mediterranean partner countries have been presented.
European PPP in 2011: 84 deals
In 2011 the European PPP market was fuelled by a limited number of very large transport transactions. EPEC data evidences that 84 transactions have reached financial close for a total financing volume of EUR 18 billion.
See details for the number of deals
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
Credit Crisis
Potential Remedial Actions
This paper has been prepared by the European PPP Expertise Centre (EPEC) following market sounding with banks, financial institutions, investors, developers and public authorities. This is an abridge version of several more extensive papers prepared for EPEC members proposing remedial actions with the procurer's control, the States and Public Authorities control and actions facilitating the entry of new investors in the PPP market.
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 2010 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 on Financing Future Infrastrasture will be held on 6 June 2012 in Brussels.
Registrations are now open, please send an email to ecfin-l3@ec.europa.eu indicating your choice for the afternoon workshop.
For more details on previous events: Read more...
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