Infrastructure finance in Europe: Composition, evolution and crisis impact

Rien Wagenvoort (), Carlo de Nicola () and Andreas Kappeler
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Rien Wagenvoort: European Investment Bank, Economic and Financial Studies
Carlo de Nicola: European Investment Bank, Economic and Financial Studies

No 1/2010, EIB Papers from European Investment Bank, Economics Department

Abstract: 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 Publi-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.

Keywords: Infrastructure investment; Public-Private Partnerships; Project finance; Crisis impact (search for similar items in EconPapers)
JEL-codes: G20 H54 L32 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2010-12-17
New Economics Papers: this item is included in nep-eur and nep-ppm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (25)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:eibpap:2010_001

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