Promotion of a framework for PPPs in the Mediterranean
Given the considerable investment needs at a time when public budgets in SEMCs are greatly constrained by the financial and economic crisis, it seems obvious that SEMCs should turn to PPPs to finance and carry out their projects. IPEMED is therefore organizing a select, high-level seminar followed by a report aiming to outline the principal PPP experiences in SEMCs and propose a regional framework for PPPs based on general principles.
Several SEMCs have adopted legal frameworks for PPPs.
The objective of the study on PPPs in the Mediterranean is to give an overview of the main experiences and propose a regional framework for PPPs based on general principles.
Create a framework for PPPs in SEMCs with the following benefits
1- Give investors more legal clarity and transactional transparency
2- Ensure a reasonable distribution of risk between private operators and public authorities
3- Mobilize private local operators
4- Reinforce states’ institutional capacity to pilot PPPs
5- Develop long-term innovative finance schemes, which are vital for infrastructure
6 June 2011: select, high-level seminar culminating in a report
30 June 2011: definitive report on the operational aspects of PPPs, to determine good practices applicable to the whole Mediterranean zone and pinpoint the main PPP-related challenges and perspectives for SEMCs.
Consultant
ipemed.coop