Infrastructure Finance in Europe: Composition, Evolution and Crisis Impact
European Investment Bank - Economic and Financial Studies
Carlo De Nicola
European Union - European Investment Bank
European Investment Bank
May 3, 2011
EIB Papers, Vol. 15, No. 1, 2010
This article is the first attempt to compile comprehensive data on infrastructure finance in Europe. We decompose infrastructure finance by institutional sector (i.e. public versus private) into its main components, which consist of traditional public procurement, project finance and finance by the corporate sector, and analyse how the roles of the public and private sectors in financing infrastructure have evolved over time, especially during the recent economic and financial crisis. In contrast with government finance that is slightly up, private finance, in particular project finance through Public-Private Partnerships, has fallen substantially during the recent crisis, reversing, at least temporarily, the longer-term trend of more private and less public financing of infrastructure.
Number of Pages in PDF File: 24
Keywords: Infrastructure investment, Public-Private Partnerships, Project finance, Crisis impact
JEL Classification: G2, H54, L32working papers series
Date posted: May 9, 2011
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