Euro PPPs jump
The fact that the total volume of European and Middle East deals in 2008 was – at €6.4bn – almost three times the volume of 2007 may come as a surprise with all the doom and gloom towering over the PPP/PFI markets. But deal flow very much depends on the progress of the pipeline and 2008 saw the procurement of major infrastructure projects in countries such as Spain, Belgium and the Netherlands finally come to fruition after years of delay. The first half of the year in fact beat H1 2007 as the plethora of deals generated in the jubilant pre-credit crunch times reached financial close.
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