Italy: Projected growth
Having long lagged behind countries such as the UK in its exploitation of private funding for public projects, Italy is now forging ahead in its use of PFI and PPP. Roberto Cornetta looks at the sustainability of such exponential growth
Italy is finally catching up with other countries in using PFI/PPP techniques to finance infrastructure and public services projects. Between 2002 and 2003, the number of PFI/PPP projects in Italy doubled. Owing to the availability of public funds (the state has already earmarked over € 125bn for infrastructure projects) and the growing acceptance of PFI/PPP techniques, the project finance sector in Italy is set to make significant strides this year.
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