Poll: long live the PPP

Author: Danielle Myles | Published: 23 Sep 2014

Across Europe, many public-private partnerships are struggling. But a small majority of projects lawyers believe it’s premature to overhaul the funding model

Is Europe’s PPP model broken?
Pretty on paper, poor in practice. This is how the European Bank for Reconstruction and Development (EBRD) described public-private partnerships (PPP) in relation to eastern Europe just over a year ago.

A flexible arrangement whereby the private sector builds, owns and operates public projects – with the government backing the revenue streams – seems like a win-win situation.

But the shortage and failure of PPPs in recent years suggests the EBRD could be correct. In fact, the statement could apply to the continent as a whole. Despite some strong markets, notably the Netherlands and UK, the model has arisen in fits and starts across much of the region.

This sparked IFLR to poll the market on whether Europe's PPP model is flawed.

Almost...