A 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.
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
Strategic Investment Board Limited
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.
Termination 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 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.
Portugal - 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.
Financing 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.
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.
New 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.
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.
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.
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.
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.