PPPs by size

A divergence in the evolution of the number and value of deals suggests a change in the average size of PPP deals. To see this, Figure 11 shows the evolution of PPPs by size.

Figure 11. Number (top panel) and value (bottom panel, in € millions) by size of PPPs.

Sources: EIB, HM Treasury, Irish PPP Unit, various commercial databases.

While more than half of the projects remain in the EUR 10 million to 100 million range, there has been a tendency towards smaller deals in 2009. The average size of a PPP project dropped to EUR 91 million in 2009, from EUR 210 million in 2008 and EUR 217 million in 2007. Having said this, Figure 11 also shows that 2009 sizes are similar to the one in 2001-06. The move towards smaller deals in 2008/09 reversed thus the tendency towards larger deals in the years preceding the crisis.