PUBLIC-PRIVATE PARTNERSHIPS IN EUROPE: AN UPDATE

Frederic Blanc-Brude, Hugh Goldsmith and Timo Valila
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Frederic Blanc-Brude: King's College, London

No 2007/3, Economic and Financial Reports from European Investment Bank, Economics 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 partnership; Europe (search for similar items in EconPapers)
JEL-codes: H54 L33 L98 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2007-10-15
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Citations: View citations in EconPapers (18)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:eibefr:2007_003

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