A Public Private Partnership (PPP) brings together the public and private sectors with the aim of undertaking a project. Each party retains its own identity and responsibility, based on a careful division of responsibilities and risks. Both parties remain involved throughout the project’s life cycle, which usually means 25 years or more.
PPPs transfer a significant proportion of the risk to the private sector.
The public and private sectors design, build, manage and finance the projects based on shared risks, budgeted costs and forecast returns.
BNP Paribas Fortis has been involved in PPP projects including motorways, government office buildings, water purification plants and a satellite for the UK Ministry of Defence. The projects have been in the Benelux countries, Portugal, Spain, the UK, Greece, the US and other countries too.
As a specialised finance provider in the European PPP market, we can act as arranger, underwriter and participant.
See also:
Public Private Partnerships (PPP): a new financing concept?
Public Private Partnerships (PPP) gain momentum in Europe