The CMS Infrastructure &
Project Finance Group has published its third-edition Guide
to PPP in Europe, which for the first time also sheds light
on the situation in Western Europe. The Guide provides a
comprehensive overview of the current conditions for public
private partnerships (PPP) in Germany and 20 other European
countries. Expert contributors describe the approach adopted
by each government, the relevant legal framework and the key
financing conditions from a practical viewpoint. The
repercussions of the financial crisis are also dealt with
and an assessment of future market trends given.
Public private partnerships in the form of operator models,
PPP and other structured joint ventures have shown
themselves to be a positive economic contributor in each of
the 21 countries reviewed in the Guide. While different
governments use a variety of methods for delivering the
totality of their infrastructure requirements, they are all
subject to economic constraints that make PPP a very
attractive option for the public sector, investors and
financial institutions into the future.
Dr Christian Scherer-Leydecker, a member of the
Infrastructure & Project Finance Group and partner at CMS
Hasche Sigle, says he “remains optimistic across Europe”
regarding the future for PPP and comparable forms of
cooperation, because they "make a valuable contribution
towards more efficient and sustainable ways of performing
public sector tasks and reducing the substantial backlog of
infrastructure investment."
"More and more investors and construction firms are looking
beyond their local markets for development and investment
opportunities," explains Scherer-Leydecker. "Our Guide helps
bring together all the different approaches and sets itself
apart from other publications in this field by adopting a
consistent approach that focuses on the legal structure. It
is a useful reference guide for anyone interested in PPP
anywhere in Europe."
The Guide provides a chapter for each of the 21 countries,
each authored by CMS experts based in the local jurisdiction
with extensive experience of local market conditions. It
will be useful for anyone interested in PPP in their own
country, as well as investors exploring PPP investment
opportunities across Europe.
The 21 countries covered in the PPP in Europe Guide are:
Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia,
Czech Republic, France, Germany, Hungary, Italy, The
Netherlands, Poland, Romania, Russia, Serbia, Slovakia,
Slovenia, Spain, Switzerland, Ukraine and the United
Kingdom.
The Guide is available free of charge: http://www.cmslegal.com/PPP
The CMS Infrastructure & Project Finance Group comprises
proven experts from all the major CMS locations, giving it
the capacity to advise on complex PPP projects and project
financing in almost every European jurisdiction.
International projects are handled by multi-location teams.
An ongoing exchange of expertise and joint training form the
foundation for dependable legal advice and practical
solutions. Past and present projects worked on in Germany
include motorways and national roads, prisons, schools,
administrative buildings, hospitals and power stations.
http://www.cmslegal.com/PPP
