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The European PPP E xpertise Centre Role and Activities

The European PPP E xpertise Centre Role and Activities. Edward Farquharson Principal Advisor. European PPP Expertise Centre: Who are we?. Established in September 2008 As a unique cooperative initiative of the EIB, the EC and EU Candidate & Member States

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The European PPP E xpertise Centre Role and Activities

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  1. The European PPP Expertise Centre Role and Activities Edward Farquharson Principal Advisor

  2. European PPP Expertise Centre: Who are we? • Established in September 2008 • As a unique cooperative initiative of the EIB, the EC and EU Candidate & Member States • With a mission to support the public sector to deliver better PPPs • 39 Members (typically PPP units) • Multi-disciplinary team • With significant Member engagement in EPEC Working Groups

  3. Collaborative Working – information sharing through Member working groups on key PPP themes Helpdesk – service offered to Members providing rapid responses to enquiries Institutional Strengthening – policy and programme support through bilateral working with Members EPEC: what do we do and how? EPEC’s activities EPEC’s methods • Identifying key issues, researching/analysing them, sharing information, experience and expertise • Promoting good practice across the public sector • Strengthening the organisational capacity of public authorities to develop PPP policies and programmes

  4. Combining EU funds and PPP State Guarantees in PPP Non-financial Benefits of PPP PPP Statistical and Accounting treatment Competitive Dialogue procurement Project bonds Operational PPPs Project advisers EPEC Reports EPEC provides Guidance on wide ranging PPP topics: … and continues to address new questions: • Ex post Evaluations of PPP projects and programmes • PPPs and fiscal risk • Value for money http://www.eib.org/epec/g2g/index.htm

  5. Key elements of EPEC work programme Network Activities • PPP Institutional Arrangements • PPP Investment Planning, Programme and Project Preparation PPP Organisational Capacity PPP Financing Instruments • Combining EU Funds and PPPs • Emerging Solutions for Financing PPPs Value for Money • Procurement • Eurostat, Accounting and Fiscal Risk • Ex-post Evaluation • Operational PPPs • Helpdesk Requests • Events • EPEC Websites • EPEC PPP Guide • Market Updates Network Support Bilateral Advisory Services EPEC Member (country) Bilaterals • Direct and Discrete Advisory Services for EPEC Members Mandatory Advisory Services • Western Balkans Investment Framework • Facility for Euro-Mediterranean Investment and Partnership

  6. The European PPP Market Trends and Developments

  7. The European PPP Market in 2013: Out of the crisis? Key figures: Value • EUR 16.7 billion in 2013 • EUR 12.8 billion in 2012 Deals • 80 in 2013 • 68 in 2012 Average deal value • EUR 208 million in 2013 • EUR 188 million in 2012 Large deals (>EUR 500 million) • 6in 2013 • 4in 2012 Source: EPEC PPP Database

  8. The European PPP Market in 2013: Source: EPEC PPP Database • UK, Italy and France largest markets accounting for 73% of the overall European market value • 14 countries closed at least one PPP transaction in 2013 (compared to 9 in 2012)

  9. The European PPP Market in 2013 cont.: Large deals (> EUR 500 million) • Six large transactions closed in 2013 (four in 2012) • Aggregate value of these transactions accounted for 52% of the total market value • Two motorway projects in Italy alone accounted for 25% the total market value • Other notable projects: Zagreb Airportexpansion (EUR 331 million) and Marseille L2 Bypass (EUR 233 million) • Thameslink Rolling Stock PPP (EUR 1.9 billion) • Royal Liverpool Hospital PPP (EUR 509 million) • BreBeMiMotorway PPP (EUR 2.3 billion) • Milan eastern ring road PPP (EUR 1.8 billion) • A1/A6 motorway Schiphol-Amsterdam-Almere(EUR 1.0 billion) Source: EPEC PPP Database • Phase 1 ofGebze-Izmir Toll Road (EUR 1.1 billion)

  10. The European PPP Market in 2013 cont.: Sectorial breakdown Source: EPEC PPP Database Transaction value - Volume in EUR Number of transactions • Compared to 2012, transport and education market share remain approximately stable, while healthcare increased by 6% and environment by 9% • Education remained the most active sector also in 2013 with stable values in volume terms. Environment recorded 10 deals more than 2012.

  11. The European PPP Market in 2013 cont.: Financing terms Commercial debt pricing for PPP transactions • Commercial debt margins went down in 2013 PPP Loan tenors in 2013 Source: EPEC PPP Database • Loan tenors remained on average the same as in 2012

  12. EIB Market Share in PPPs since 2004 • Market share increased on average by 5% during the crisis (14.1% in 2009-2013 vs 9.3% in 2004-2008) Note: Data for 2013 are provisional

  13. EIB lending in PPPs since 1990 • Over 175 projects in 19 countries • Total lending volume > EUR 35 billion Transport projects share 82% Note: Data for 2013 are provisional

  14. Edward Farquharson Principal Advisor e.farquharson@eib.org European PPP Expertise Centre epec@eib.org www.eib.org/epec Twitter: @EpecNews Telephone: +352 4379 22022 Fax: +352 4379 65499

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