Public-Private Partnerships in Europe: An Update

European Investment Bank Economic & Financial Report No. 2007/03

24 Pages Posted: 18 Mar 2008 Last revised: 21 Mar 2008

Frederic Blanc-Brude

EDHEC-Risk Institute

Hugh Goldsmith

EIB

Timo Valila

International Monetary Fund (IMF) - Policy Development and Review Department

Abstract

This paper offers an updated description of the macroeconomic and sectoral significance of PPPs in Europe, without assessing PPPs from a normative perspective. It shows that, over the past fifteen years, more than one thousand PPP contracts have been signed in the EU, representing a capital value of almost 200 billion euro. While PPPs have in recent years become increasingly popular in a growing number of European countries, they are of macroeconomic and systemic significance only in the UK, Portugal, and Spain. In all other European countries, the importance of investment through PPPs remains small in comparison to traditional public procurement of investment projects. However, PPP procurement is used extensively for major projects and this is spreading out from transport into other sectors.

Keywords: Public-Private Partnerships, Europe, PFI, PPP

JEL Classification: H54, L33, L98

Suggested Citation

Blanc-Brude, Frederic and Goldsmith, Hugh and Valila, Timo, Public-Private Partnerships in Europe: An Update. European Investment Bank Economic & Financial Report No. 2007/03. Available at SSRN: https://ssrn.com/abstract=1107418 or http://dx.doi.org/10.2139/ssrn.1107418

Frederic Blanc-Brude (Contact Author)

EDHEC-Risk Institute ( email )

One George Street
#07-01
Singapore, 049145
Singapore

HOME PAGE: http://www.edhec-risk.com

Hugh Goldsmith

EIB ( email )

98-100 Boulevard Konrad Adenauer
L-2950
Luxembourg

Timo Valila

International Monetary Fund (IMF) - Policy Development and Review Department ( email )

700 19th St. NW
Washington, DC 20431
United States

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