PPPs financed by the European Investment Bank from 1990 to 2017 February 2018 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 2017

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 Healthcare 68 Refurbishment ∗ Bursa Integrated Health TURKEY 1 Healthcare 150 Campus

* The project is supported by the European Fund for Strategic Investments

February 2018 page 1/22 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2017

2016

Amount Country PPP Project Sector (EUR million)

FRANCE Alsace Broadband ∗ Telecommunications 62,5

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

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2015

Amount Country PPP Project Sector (EUR million)

Hamina - Vaalimaa E18 FINLAND Transport 102 Motorway Section

FRANCE Calais Port ∗∗ Transport 50

GREECE Western 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

February 2018 page 3/22 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2017

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 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

February 2018 page 4/22 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2017

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 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

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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

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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

Malaga - Las Pedrizas Transport 130 motorway SPAIN

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)

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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 : 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)

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2009

Amount Country PPP Project Sector (EUR million)

DOMINICAN BTA Toll Road Transport 30 REPUBLIC

GERMANY 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 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)

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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- 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)

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2007

Amount Country PPP Project Sector (EUR million)

FRANCE Millau Viaduct Transport 143

A4 Motorway: Eisenach GERMANY Transport 89 bypass K-T-K : Tripoli GREECE Transport 150 - Kalamata : Transport 120 bypass M7 - M8 Motorways: IRELAND Casteltown - Portlaoise - Transport 116

Cullahill N6 Carriageway: - Transport 70

ISRAEL Hadera Desalination Plant Environment 120

Road Network in the Transport 180 Azores PORTUGAL IC16 - IC30 Greater 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

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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

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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

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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

February 2018 page 14/22 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2017

2003

Amount Country PPP Project Sector (EUR million)

Graz Intermodal Freight AUSTRIA Transport 40 Centre M4 Motorway: - 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

February 2018 page 15/22 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2017

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

February 2018 page 16/22 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2017

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

February 2018 page 17/22 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2017

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

February 2018 page 18/22 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2017

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

February 2018 page 19/22 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2017

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 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

February 2018 page 20/22 European PPP Expertise Centre PPPs financed by the European Investment Bank from 1990 to 2017

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

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PPPs financed by the European Investment Bank from 1990 to 2017

February 2018 page 22/22

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