NARS
An overview of infrastructure development in EU and Italy
Gabriele Pasquini
Head of Secretariat
NARS – Public Utiliti...
NARS
22
Source: Market Update 2013 - European PPP Expertise Centre (EPEC)
European PPP Market 2004-2013 by Volume and Numb...
NARS
3
The European PPP Market in 2013
3
 In 2013, the aggregate value of PPP transaction which reached
financial close i...
NARS
4
The European PPP Market in 2013:
Sector Breakdown by Volume and Number of Projects
Source: EPEC data - www.eib.org/...
NARS
5
The European PPP Market in 2012: the main transactions
Six large transactions* closed in 2013 (compared to five in ...
NARS
Investments needs in infrastructure - Italy
6
NARS
Investments needs in infrastructure - Italy
7
NARS
Investments needs in infrastructure – Italy
8
NARS
Is PPP the right way to manage the Italian infrastructure gap?
9
Not all projects are feasible (for
various reasons: ...
NARS
10
Contact Point
Gabriele PASQUINI
Presidency of the Council of Ministers
NARS - Head of Secretariat
Head of PPP Task...
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Gabriele Pasquini, Head of Secretariat, Public Utilities Regulation Unit, Presidency of the Council of Ministers, Italian Government - An overview of infrastructure development in Italy & Europe

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Gabriele Pasquini delivered the presentation at the 2014 NEW ZEALAND INFRASTRUCTURE SUMMIT.

The New Zealand Infrastructure Summit brings you the most up to date infrastructure news combining case studies and key presentations, addressing developments in the some of the main infrastructure hubs, such as Auckland and Christchurch.

For more information about the event, please visit: http://www.informa.com.au/nzinfra14

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Gabriele Pasquini, Head of Secretariat, Public Utilities Regulation Unit, Presidency of the Council of Ministers, Italian Government - An overview of infrastructure development in Italy & Europe

  1. 1. NARS An overview of infrastructure development in EU and Italy Gabriele Pasquini Head of Secretariat NARS – Public Utilities Regulation Unit Presidency of The Council of Ministers of Republic of Italy Auckland , April 1° - 2° , 2014
  2. 2. NARS 22 Source: Market Update 2013 - European PPP Expertise Centre (EPEC) European PPP Market 2004-2013 by Volume and Number of Projects
  3. 3. NARS 3 The European PPP Market in 2013 3  In 2013, the aggregate value of PPP transaction which reached financial close in the European market totalled EUR 16.3 billion. It represents a 27% increased compared to 2012 (EUR 12.8 billion)  80 PPP transactions reached financial close in 2013, significantly more than 2012 (68 PPP transactions recorded in 2012)  The average transaction size increased to reach EUR 203 million (EUR 188 million in 2012)  14 countries closed at least one PPP transaction in 2013, a significant increase over the previous year (10 countries)  On average, bank loan margins were 286 bps for the construction phase (300 bps in 2012) Source: Market Update 2013 - European PPP Expertise Centre (EPEC)
  4. 4. NARS 4 The European PPP Market in 2013: Sector Breakdown by Volume and Number of Projects Source: EPEC data - www.eib.org/epec
  5. 5. NARS 5 The European PPP Market in 2012: the main transactions Six large transactions* closed in 2013 (compared to five in 2012). Their aggregate value amounted to EUR 8.6 billion. These were:  in Italy: the Bre.Be.Mi. motorway - EUR 2.3 billion and the Milan eastern ring road (T.E.E.M.) - EUR 1.8 billion  in UK: the Thameslink rolling stock - EUR 1.9 billion and the Royal Liverpool Hospital - EUR 509 million  in Turkey: the Gebze-Izmir road (phase 1) - EUR 1.1 billion  in the Netherlands: the A1/A6 Schiphol-Amsterdam-Almere motorway - EUR 1 billion The aggregate value of these transactions: more than half of the total market volume. *Defined as deals exceeding EUR 500 million in value Source: Market Update 2013 - European PPP Expertise Centre (EPEC)
  6. 6. NARS Investments needs in infrastructure - Italy 6
  7. 7. NARS Investments needs in infrastructure - Italy 7
  8. 8. NARS Investments needs in infrastructure – Italy 8
  9. 9. NARS Is PPP the right way to manage the Italian infrastructure gap? 9 Not all projects are feasible (for various reasons: political, legal, commercial viability, etc.). • The private sector may not take interest in a project due to perceived high risks or may lack technical, financial or managerial capacity to implement the project. • A PPP project may be more costly unless additional costs (due to higher transaction and financing costs) can be off-set through efficiency gains. • Change in operation and management control of an infrastructure asset through a PPP may not be sufficient to improve its economic performance unless other necessary conditions are met. These conditions may include appropriate sector and market reform, and change in operational and management practices of infrastructure operation.
  10. 10. NARS 10 Contact Point Gabriele PASQUINI Presidency of the Council of Ministers NARS - Head of Secretariat Head of PPP Task Force Via della Mercede, 9 – 00187 Rome, Italy Tel. +39 06 6779 6534; Fax. +39 06 6779 3291 E-mail: g.pasquini@governo.it Web site: www.cipecomitato.it

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