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What's new

 managing_ppps_during_their_contract life .JPGNew 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.


Market updateMarket Update - whole 2013

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.

Read more...


Emerging solutions for financing PPPsNew 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.

The paper is available in English and German.


VATReport 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.


psfPrivate Sector Forum

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 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.


ten_tNew 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.


eeEnergy 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!



Market Analysis

Total volume

European PPP market in 2013: 80 deals

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.

See sectorial breakdowns by volume and by number of projects

The Market Update 2013

The Market Update H1 2013

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Members 

map 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
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
PARPUBLICA S.A.
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
PRIME MINISTRY UNDERSECRETARIAT OF TREASURY
HER MAJESTY’S TREASURY
THE WELSH ASSEMBLY GOVERNMENT
MINISTRY OF FINANCE OF ISRAEL
THE GOVERNMENT OF MONTENEGRO


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In depth analysis

Termination ProvisionsTermination 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.


Next Generation AccessPPPs 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.


Energy EfficiencyNew 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 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 PPPsCombining 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.


guide to guidanceNew 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.




Eurostat treatmentPPPs 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


Capital Market in PPP Financing

Capital Market in PPP Financing

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


Contacts

General Enquiries

Email: InfoDesk@eib.org

Address:
EPEC, European Investment Bank
98-100, boulevard Konrad Adenauer
L-2950, Luxembourg



European Investment Bank

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.


European Commission

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.


EC-EPEC Private Sector Forum  

The eights Private Sector Forum takes place on 10 December 2013 in Brussels.

The Agenda of this event is available here.

For more details on previous events: Read more...



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