EUROPEAN PPP EXPERTISE CENTRE
PPPs financed by the European Investment Bank from 1990 to 2018
January 2019
PPPs financed by the European Investment Bank from 1990 to 2018
January 2019
Terms of Use of this Report
The European PPP Expertise Centre (EPEC) is part of the Advisory Services of the European Investment Bank (EIB). It is an initiative that also involves the European Commission, Member States of the EU, Candidate States and certain other states. For more information about EPEC and its membership, please visit www.eib.org/epec.
This publication has been prepared to contribute to and stimulate discussions on public-private partnerships (PPPs) as well as to foster the diffusion of best practice in this area.
The findings, analyses, interpretations and conclusions contained in this publication do not necessarily reflect the views or policies of the EIB or any other EPEC member. No EPEC member, including the EIB, accepts any responsibility for the accuracy of the information contained in this publication or any liability for any consequences arising from its use. Reliance on the information provided in this publication is therefore at the sole risk of the user.
EPEC authorises the users of this publication to access, download, display, reproduce and print its content subject to the following conditions: (i) when using the content of this document, users should attribute the source of the material and (ii) under no circumstances should there be commercial exploitation of this document or its content.
Purpose and Methodology
This report is part of EPEC’s work on monitoring developments in the PPP market. It is intended to provide an overview of the role played by the EIB in financing PPP projects inside and outside Europe since 1990.
This report covers a wide range of PPP transactions (e.g. design-build-finance- operate, design-build-finance-maintain, concession arrangements which feature a construction element, the provision of a public service and a risk sharing between the public and the private sector), regardless of the type of financing provided by the EIB (e.g. project finance, sovereign lending). Portfolio loans to small PPP projects and investments in equity PPP funds are not listed in this report.
The term “amount” represents the lending commitment of the EIB at the date of signature of the main loan contract. In some cases, this amount is the aggregate of a series of loan contracts for a same project. The commitment amounts may differ from the actual amounts disbursed. European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2018
2018
Amount Country PPP Project Sector (EUR million) Autobahn A10 A24 GERMANY Transport 258 Neuruppin - Pankow ∗1
IRELAND Grangegorman Campus Education 110
Red Sea Dead Sea JORDAN Environment 30 Phase 1
NETHERLANDS Blankenburg Tunnel ∗ Transport 328
NETHERLANDS Flood Defence ∗ Environment 326
* The project is supported by the European Fund for Strategic Investments
January 2019 page 1/23 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2018
2017
Amount Country PPP Project Sector (EUR million)
AUSTRIA Campus Berresgasse ∗ Education 21
Nord Pas de Calais FRANCE Telecommunications 185 Broadband ∗
GERMANY A7 Salzgitter-Goettingen Transport 213
GREECE Greek Regional Airports ∗ Transport 280
Treviso Hospital ITALY Transport 68 Refurbishment ∗ Bursa Integrated Health TURKEY Healthcare 150 Campus2
* The project is supported by the European Fund for Strategic Investments
January 2019 page 2/23 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2018
2016
Amount Country PPP Project Sector (EUR million)
FRANCE Alsace Broadband ∗ Telecommunications 63
A6 Wiesloch-Rauenberg Transport 299 to Weinsberg Motorway ∗ GERMANY
A94 Motorway Transport 158
N25 New Ross Road Transport 22 Bypass ∗∗ IRELAND Primary Care Bundle ∗ Healthcare 70
NETHERLANDS A6 Almere Motorway ∗ Transport 79
SLOVAKIA D4/R7 Motorway ∗ Transport 427
Gaziantep Health TURKEY Healthcare 120 Campus UNITED Priority Schools Building Education 72 KINGDOM Programme - Yorkshire
∗ The project is supported by the European Fund for Strategic Investments ∗∗ The project is supported by the EIB/EC Project Bond Initiative
January 2019 page 3/23 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2018
2015
Amount Country PPP Project Sector (EUR million)
Hamina - Vaalimaa E18 FINLAND Transport 102 Motorway Section
FRANCE Calais Port ∗∗ Transport 50
GREECE Western Macedonia Waste Environment 13
M11 Gorey to Enniscorthy IRELAND Transport 109 Motorway
NETHERLANDS Ijmuiden Sealock Transport 163
Dumfries and Galloway Healthcare 155 Hospital Edinburgh Hospital for Sick Children and Clinical Healthcare 112
Neurosciences Midland Metropolitan Healthcare 148 Hospital ∗
UNITED Papworth Hospital Healthcare 65 KINGDOM Priority Schools Building Education 65 Programme – North East Priority Schools Building Programme - Hertfordshire, Education 88
Luton and Reading Priority Schools Building Education 69 Programme – North West Priority Schools Building Education 88 Programme - Midlands
∗∗ The project is supported by the EIB/EC Project Bond Initiative ∗ The project is supported by the European Fund for Strategic Investments
January 2019 page 4/23 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2018
2014
Amount Country PPP Project Sector (EUR million)
AUSTRIA Zwettl Road Bypass Transport 29
A11 Brugge-Zeebrugge BELGIUM Transport 260 Motorway ∗∗ A7 Bordesholm-Hamburg Transport 157 Motorway ∗∗ GERMANY University Hospital of Healthcare 400 Schleswig-Holstein Attica Schools (Bundles I GREECE Education 36 and II)
IRELAND N17-N18 Motorway Transport 143
Milan Metro 4 Transport 300 ITALY
Milan Eastern Ring Road Transport 700
A9 Gaasperdammerweg NETHERLANDS Transport 201 Motorway Aberdeen Western Transport 340 Peripheral Route Intercity Express Transport 283 Programme II UNITED KINGDOM
M8 Motorway Transport 212
North Yorkshire and York Environment 196 Waste
∗∗ The project is supported by the EIB/EC Project Bond Initiative
January 2019 page 5/23 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2018
2013
Amount Country PPP Project Sector (EUR million)
CROATIA Airport Expansion Zagreb Transport 80
FRANCE Rocade L2 Marseille Transport 155
GERMANY Hochtaunus Kliniken Healthcare 49
IRELAND N11-N7 Motorway Transport 72
ITALY Autostrada BreBeMi Transport 700
NETHERLANDS A1 A6 Motorway Transport 256
Autovia A66 Benavente - Transport 96 Zamora
SPAIN Hospital de Vigo Healthcare 140
Metro de Malaga - Phase 1 Transport 325
Alder Hey Hospital Healthcare 63
City of Glasgow College Education 95
UNITED KINGDOM Cornwall Waste Environment 120
Royal Liverpool Hospital Healthcare 108
Thameslink Rolling Stock Transport 498
January 2019 page 6/23 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2018
2012
Amount Country PPP Project Sector (EUR million)
Contournement Nimes - FRANCE Transport 306 Montpellier
IRELAND Irish Schools Bundle III Education 50
Madrid-Alicante High SPAIN Speed Train Signalling Transport 78
and Telecommunications
SOUTH AFRICA Khi Solar One Project Energy 50
TURKEY EurAsia Tunnel Transport 270
Intercity Express UNITED KINGDOM Transport 291 Programme
January 2019 page 7/23 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2018
2011
Amount Country PPP Project Sector (EUR million)
E18 Koskenkylä - Kotka FINLAND Transport 134 Priority LGV Bretagne - Pays de la Transport 638 Loire LGV Sud Europe FRANCE Transport 1186 Atlantique ∗∗∗
Autoroute A63 Transport 184
A8 Motorway Augsburg - GERMANY Transport 209 Ulm ∗∗∗
ISRAEL Sorek Desalination Plant Environment 142
JAMAICA Jamaica Toll Road Transport 39
Gipuzkoa Waste Environment 195 Management Malaga - Las Pedrizas SPAIN Transport 130 motorway
Hospital de Burgos Healthcare 128
Nottingham Express UNITED KINGDOM Transport 129 Transit
∗∗∗ The project is supported by the loan guarantee instrument for Trans-European Network Transport projects (LGTT)
January 2019 page 8/23 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2018
2010
Amount Country PPP Project Sector (EUR million)
CAPE VERDE Cape Verde Wind Power Energy 30
FRANCE GSM-Railway Transport 280
IRELAND Irish Schools Education 45
A15 Motorway: Maasvlakte - Transport 140 Vaanplein NETHERLANDS A12 Motorway: Lunetten - Transport 74 Veenendaal A1 Motorway: Strykow - POLAND Transport 225 Pyrzowice
PORTUGAL Pinhal Interior Motorway Transport 345
Zaragoza Tramway Transport 175
C-25 Motorway - Eix Transport 300 Transversal ∗∗∗ SPAIN
Barcelona Metro - Line 9 Transport 400
Rolling Stock for Madrid Transport 188 Metro Network New Karolinska University SWEDEN Healthcare 699 Hospital
UNITED KINGDOM Southmead Hospital Healthcare 287
∗∗∗ The project is supported by the loan guarantee instrument for Trans-European Network Transport projects (LGTT)
January 2019 page 9/23 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2018
2009
Amount Country PPP Project Sector (EUR million)
DOMINICAN BTA Toll Road Transport 30 REPUBLIC
GERMANY A5 Motorway Widening ∗∗∗ Transport 225
Public order GREECE Hellenic Fire Service 9 and safety South North Water JORDAN Environment 166 Conveyor University Hospital of Healthcare 65 Braga PORTUGAL Baixo Alentejo Motorway ∗∗∗ Transport 225
SPAIN Hospital Son Dureta Healthcare 130
BSF Education Education 243
Enniskillen Acute Hospital Healthcare 137
UNITED KINGDOM M25 Motorway Widening Transport 448
Manchester Waste Environment 195
M80 Motorway Transport 158
∗∗∗ The project is supported by the loan guarantee instrument for Trans-European Network Transport projects (LGTT) ∗∗∗ The project is supported by the loan guarantee instrument for Trans-European Network Transport projects (LGTT)
January 2019 page 10/23 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2018
2008
Amount Country PPP Project Sector (EUR million)
BELGIUM Liefkenshoek Rail Tunnel Transport 313
Tram network of Reims Transport 108
A88 Motorway: Falaise FRANCE Transport 103 West - Sées A19 Motorway: Courtenay - Transport 200 Artenay
GREECE E-K-P-P-T Motorway Transport 200
M6 Motorway: Dunaujvaros HUNGARY Transport 200 - Szekszard
Rome Fiumicino Airport Transport 80 ITALY
Turin Waste Incinerator Environment 273
Port De Tanger Deuxieme MOROCCO Transport 40 Terminal
NETHERLANDS Second Coen Tunnel Transport 194
A1 Motorway: Nowe Marzy POLAND Transport 575 - Torun
Transmontana Transport 289
A4/IP4 Motorway: PORTUGAL ∗∗∗ Transport 200 Amarante-Vila Real IC 24 Motorway Douro Transport 350 Litoral National Expressways SPAIN Transport 211 Improvements Dumfries & Galloway UNITED KINGDOM Education 79 Schools
∗∗∗ The project is supported by the loan guarantee instrument for Trans-European Network Transport projects (LGTT)
January 2019 page 11/23 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2018
2007
Amount Country PPP Project Sector (EUR million)
FRANCE Millau Viaduct Transport 143
A4 Motorway: Eisenach GERMANY Transport 89 bypass K-T-K A7 Motorway: Tripoli GREECE Transport 150 - Kalamata M50 Motorway: Dublin Transport 120 bypass M7 - M8 Motorways: IRELAND Casteltown - Portlaoise - Transport 116
Cullahill N6 Carriageway: Galway - Transport 70 Ballinasloe
ISRAEL Hadera Desalination Plant Environment 120
Road Network in the Transport 180 Azores PORTUGAL IC16 - IC30 Greater Lisbon Transport 105 Roads Metro Train Sets for Madrid SPAIN Transport 306 Region
UGANDA Bujagali Hydroelectric Energy 92
A1 and A4/A5 Road Transport 169 Corridors Upgrade
Newcastle Schools Education 79
UNITED KINGDOM Wakefield Hospitals Healthcare 221
North Staffordshire Healthcare 227 Hospitals
Forth Valley Acute Hospital Healthcare 190
January 2019 page 12/23 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2018
2006
Amount Country PPP Project Sector (EUR million)
AUSTRIA Ostregion Transport 350
Brussels Wastewater BELGIUM Environment 96 Treatment
GHANA West African Gas Pipeline Energy 75
Thessaloniki Submerged GREECE Transport 152 Tunnel M7 Limerick Southern Ring Transport 98 Motorway IRELAND
Waterford Toll Road Transport 75
E18 Motorway: Grimstad - NORWAY Transport 198 Kristiansand
Expressway: Reus-Alcover Transport 26
Expressway: Cuellar- SPAIN Transport 46 Valladolid Light Railway Network in Transport 325 Malaga
Cornwall Waste Environment 120
Birmingham Hospital Healthcare 365
St Helens And Knowsley Healthcare 218 Hospitals
UNITED KINGDOM Northern Ireland Water Environment 85
Royal London Barts Healthcare 359 Hospitals
Scottish Highland Schools Education 88
M1 and M2 Motorways Transport 90
January 2019 page 13/23 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2018
2005
Amount Country PPP Project Sector (EUR million)
E18 Motorway: Muurla - FINLAND Transport 153 Lohja M6 Motorway: Budapest - HUNGARY Transport 200 Dunaújváros
ITALY Mestre Hospital Healthcare 70
A1 Motorway Gdansk - POLAND Transport 500 Nowe Marzy Expressway: Santiago - SPAIN Transport 54 Brion
Argyll and Bute Schools Education 81
North Lanarkshire Schools Education 103 UNITED KINGDOM Woolwich Arsenal Rail Transport 148 Extension
Newcastle Hospital Healthcare 167
January 2019 page 14/23 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2018
2004
Amount Country PPP Project Sector (EUR million)
AUSTRIA Europpass LKW Maut Transport 48
M8 Motorway Fermoy Transport 65 IRELAND M1 Motorway: Dundalk Transport 65 Bypass Water Infrastructure - ITALY Environment 44 Arezzo N31 Motorway: NETHERLANDS Transport 25 Leeuwarden - Nijega
NORWAY E39 Trunk Road Transport 75
Litoral Centro Motorway: PORTUGAL Transport 264 Marinha Grande - Mira Los Vinedos Motorway : Transport 143 Toledo - Tomelloso SPAIN Light Metro Line in Greater Transport 260 Seville
Manchester Hospitals Healthcare 251
UNITED KINGDOM Cornwall Schools Education 345
North East London Healthcare 142 Hospitals
January 2019 page 15/23 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2018
2003
Amount Country PPP Project Sector (EUR million)
Graz Intermodal Freight AUSTRIA Transport 40 Centre M4 Motorway: Kinnegad - Transport 103 Kilcock
IRELAND National Maritime College Education 29
Irish Schools Education 38
Wastewater Treatment NETHERLANDS Environment 125 Delfland R-3 and R-5 Motorways Transport 300 serving Madrid Tram System in Greater SPAIN Transport 125 Barcelona R-4 Motorway: Madrid - Transport 360 Ocaña A1 Motorway: Darrington - Transport 167 Dishforth
Blackburn Hospital Healthcare 72 UNITED KINGDOM
Rotherham Schools Education 70
London Underground - Transport 880 Phase 2
January 2019 page 16/23 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2018
2002
Amount Country PPP Project Sector (EUR million)
GERMANY Rostock Road Tunnel Transport 105
PORTUGAL Greater Oporto Motorway Transport 300
R-2 Motorway: Madrid - Transport 120 Guadalajara SPAIN Motorway: Pampelona - Transport 175 Logroño
London Underground Transport 1349 UNITED KINGDOM London Underground’s Energy 71 Electricity Network
January 2019 page 17/23 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2018
2001
Amount Country PPP Project Sector (EUR million)
Travequerung GERMANY Transport 80 (Herrentunnel) High Speed Rail: NETHERLANDS Transport 400 Amsterdam-Belgian border
Algarve Motorway Transport 130 PORTUGAL Beira Litoral/Beira Alta Transport 470 Motorway
SOUTH AFRICA N4 Platinum Toll Highway Transport 50
Tramway in the Barcelona Transport 136 Metropolitan area AP71 Motorway: Leon - SPAIN Transport 42 Astorga
Motorway: A6 - Avila Transport 100
Edinburgh Schools Education 59
UNITED KINGDOM Kirklees Schools Education 40
Dudley Hospitals Healthcare 113
January 2019 page 18/23 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2018
2000
Amount Country PPP Project Sector (EUR million)
GREECE Rion-Antirion Bridge Transport 370
A2 Motorway: Southern POLAND Transport 275 Poznan Section
Interior Norte Motorway Transport 324 PORTUGAL
Costa Da Prata Motorway Transport 190
M-45 Motoway: Madrid Transport 149 Urban Motoway SPAIN Motorway shadow toll road: Transport 13 Murcia Region
Glasgow Schools Education 166
UNITED KINGDOM Sheffield Schools Education 46
A13 Road: Limehouse - Transport 150 Wennington
January 2019 page 19/23 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2018
1999
Amount Country PPP Project Sector (EUR million) Chengdu BOT Water CHINA Environment 24 Treatment Plant
Weser Tunnel Transport 98 GERMANY
Engelbergbasistunnel Transport 173
NETHERLANDS HSL Zuid Transport 400
Chaves Motorway Transport 450 PORTUGAL Aguas de Santa Maria da Environment 80 Feira
SOUTH AFRICA N3 Toll Road Transport 45
1998
Amount Country PPP Project Sector (EUR million)
MOROCCO Parc Eolien De Tetouan Energy 20
PORTUGAL Leira Motorway Transport 209
Falkirk Schools (Scotland) Education 56
Channel Tunnel Rail Link Transport 290 UNITED KINGDOM Porterbrook Rolling Stock Transport 172
Welsh Roads - A55 Transport 81
January 2019 page 20/23 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2018
1997
Amount Country PPP Project Sector (EUR million)
DENMARK Oeresund Link 2 Transport 1088
UNITED KINGDOM Scottish Roads - M6 Transport 122
1996
Amount Country PPP Project Sector (EUR million)
DENMARK Great Belt Link 4 Transport 1069
Essi Motorway 1 & 2 Transport 223 GREECE New Athens Intern. Airport Transport 999
Channel Tunnel Rail Link Transport 119 UK UNITED KINGDOM UK Roads Transport 237
1995
Amount Country PPP Project Sector (EUR million)
DENMARK Oeresund Link Transport 677
The Fourth Tube Elbe GERMANY Transport 100 Tunnel 1&2
PORTUGAL Second Bridge Rodoviaria Transport 306
January 2019 page 21/23 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2018
1994
Amount Country PPP Project Sector (EUR million)
DENMARK Great Belt Link 3 Transport 784
1993
Amount Country PPP Project Sector (EUR million)
DENMARK Great Belt Link 2 Transport 398
UNITED KINGDOM Skye Bridge Transport 17
1992
Amount Country PPP Project Sector (EUR million)
UNITED KINGDOM Second Severn Crossing Transport 176
1990
Amount Country PPP Project Sector (EUR million)
DENMARK Great Belt Link Transport 246
January 2019 page 22/23 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2018
PPPs financed by the European Investment Bank from 1990 to 2018
January 2019 page 23/23
EUROPEAN PPP EXPERTISE CENTRE
PPPs financed by the European Investment Bank from 1990 to 2018
January 2019
European Investment Bank EPEC Secretariat 98 -100, boulevard Konrad Adenauer 3 +352 4379-22022 L-2950 Luxembourg U [email protected] 3 +352 4379-22000 www.eib.org/epec 5 +352 4379-62000 www.eib.org – U [email protected]
© European Investment Bank, 01/2019