A Public Private Partnership (“PPP”) is an arrangement between the public and private sectors (consistent with a broad range of possible partnership structures) with clear agreement on shared objectives for the delivery of public infrastructure and/or public services by the private sector that would otherwise have been provided through traditional public sector procurement.
PPP structures have become an increasingly important part of the European Public Sector finance market. PPP’s come in a variety of different forms, but the basis of every project is the concept that better value for money can be achieved through the exploitation of private sector competencies and the allocation of risk to the party best able to manage it.
The PPP markets that are reasonably developed from a risk perspective, which Broad Peak Finance considers on a case-by-case basis, are: France, Italy, Spain, Portugal, Ireland, Germany, UK, Greece, Netherlands and Australia. These jurisdictions present a clear and stable framework in which to operate, both in legal terms and in terms of policy priorities.