This paper has been prepared by the European PPP Expertise Centre (EPEC) following a market sounding with banks, financial institutions, investors, developers and public authorities.
It is an abridged version of several more extensive papers prepared for EPEC members.
It provides a framework for analysing some potential responses to the financial crisis, as it affects the Public Private Partnerships (PPP) market across the EU.
The paper does not offer a catalogue of recommendations, as the most appropriate remedies to the current credit crisis will be dependent on the specific situation of each country, in terms of legal and institutional context, public finance and PPP deal flow. In particular, any actions taken will need to consider whether they comply with the EU procurement directives.
The paper does, however, identify a list of issues and considerations for the attention of public sector prior to adopting a course of action.
European PPP Expertise Centre (EPEC) EPEC is a collaboration between the EIB, European Union Member and Candidate States and the European Commission which is designed to strengthen the organisational capacity of the public sector to engage in Public Private Partnership (PPP) transactions. |