Ppp and Using Eu Funds in its Financing in Terms of Crisis and Budgetary Restrictions

Joanna Smiechowicz
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Joanna Smiechowicz: Maria Curie Sklodowska Uniwersity, Poland

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Abstract: This paper presents an updated description of public-private partnership projects implemented in Europe before, during and after the financial crisis which visibly influenced the state of public finances in most European countries and, in consequence, led to budgetary restrictions. Since 2009, difficult financial situation of public and private sector entailed a dramatic reduction in the number and value of public-private partnerships projects in many European countries. However, the PPP market simultaneously diversified across countries and sectors. While in 2008 the UK share in the number of public-private partnership projects introduced in Europe fell below 50%, in Poland, since 2009, opposite tendencies can be observed – the partnership market is developing dynamically. Moreover, the EU funds are used in financing investments more often due to favorable changes in EU legislation relating to the PPP, which should contribute to popularization of hybrid projects also across the European countries in the coming years.

Keywords: public-private partnership; financial crisis; public debt; public investments; hybrid projects (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:tkp:mklp15:2063-2071

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