quinta-feira, outubro 25, 2012

Financing PPP Schemes for Value for Money, Brussels, 26-October

Financing PPP schemes - Choices, challenges and opportunities for Value for Money 

The workshop should be of particular interest to those planning to use, or currently involved in using, PPP to implement infrastructure projects. These include policy makers, officials from public administrations and their professional advisers in EU Member States, candidate countries and beyond. It should also be of interest to private sector service providers, lenders, investors and academics and to officials in European institutions and organisations.


PPP projects are likely to continue to play a key role in meeting Europe’s infrastructure gap. Given the huge infrastructure investment amounts required – some estimates suggest investment needs of between €1.5 trillion and €2 trillion in transport, energy and digital networks to 2020 - and the pressures facing government budgets, attracting private capital to finance infrastructure is crucial. At the same time, it has become more difficult to obtain bank loans with the long maturities required by infrastructure projects as commercial banks face capital and liquidity constraints.

This practitioners’ workshop aims to present and assess the current and possible future options for private sector finance for PPP to modernise EU infrastructure, including the role of public sector finance, multi-lateral lending institutions, equity investors and bond finance as well as bank lending. This will include an update on the latest experience on the implementation of the Europe 2020 Project Bond initiative.The workshop will address economic, financial, operational and legal considerations and use experience to date to assess the risks, challenges and opportunities arising from different means of financing infrastructure projects. It will draw together experience at European level and from different Member States

Included in the Program 

Financing PPP in Europe – A Portuguese perspective

Financing PPP via bank lending – The Portuguese experience

• Current challenges for PPP financing in Europe

• Developing alternatives to bank lending – Choices, challenges and opportunities for Value for Money,  Mariana Abrantes de Sousa, PPP Lusofonia, Lisbon (PT)


The critical question is who is prepared to take true project risks, like traffic risk, and thus to take the responsbility for vetting projects and avoiding the financing of unproductive investments, even if they have been made "bankable" by availability payment mechanisms and other forms of third party support.  These DDD projects  (with generous Dowries like a Dowdy Daughter) may ultimately lead to cuts in the sovereign ratings of the Concedent.
Mariana Abrantes de Sousa 
PPP Lusofonia 

See more in 
EPEC on Project Bonds 
Mariana Abrantes de Sousa on Project Bonds