Government policies to enhance access to credit for infrastructure-based PPPs: an approach to classification and appraisal. Issue 2 (23rd February 2017)

• Record Type: Journal Article
• Authors: Vecchi, Veronica; Hellowell, Mark; della Croce, Raffaele; Gatti, Stefano
• Is Part Of: Public money & management. Volume 37:Issue 2(2017)
• Page Start: 133
• Page End: 140
• Publication Date: 2017-02-23
• Subjects: Credit enhancement -- guarantees -- infrastructure asset class -- PPP -- risk; Finance, Public -- Great Britain -- Periodicals; Great Britain -- Economic policy -- 1945-1964 -- Periodicals; 336.005
• DOI: 10.1080/09540962.2016.1266173
• Languages: English
• ISSNs: 0954-0962

Abstract

Abstract : Governments across the world have introduced a variety of instruments to enhance private investors' appetites for public–private partnership (PPP) projects. The use of such instruments has become a core component of development and growth policies, for example by the EU as part of the Junker Plan. This paper provides a comprehensive categorization of these instruments, the risks they target and their effects, at both the project and system level, to support policy-makers to design the most appropriate instruments to attract private capital into infrastructure development.