quinta-feira, outubro 25, 2012
Financing PPP Schemes for Value for Money, Brussels, 26-October
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
See more in
EPEC on Project Bonds http://www.eib.org/epec/resources/Financing%20PPPs%20with%20project%20bonds%20-%20October%202012.pdf
Mariana Abrantes de Sousa on Project Bonds https://dl.dropbox.com/u/13583205/Abrantes_%20PPPeuropa_eipa_oct_2012_v2.1f%20project%20bonds.pdf