Our transport infrastructu
re is not keeping pace with the growth of our economies. Governments increasingly ask the private sector to finance new projects. Public Private Partnerships (PPPs) enable the public sector to get better value for money by transferring risk (eg of cost overruns) to those with the best expertise for managing it.
PricewaterhouseCoopers is a global market leader in advising public sector clients and private sector bidders on PPPs in the transport sector. In 2003 we helped London Transport complete the three biggest PPPs in the world to renovate and enhance the London Underground with £15 million of capital investment. In 2004, the €320 million Millau Viaduct in France was completed after a procurement process in which PricewaterhouseCoopers advised the French Ministry of Transport.
We offer a comprehensive service: advising on procurement, financial structuring, designing performance payment regimes, tax, accounting and human resource issues. Our professionalism as a PPP adviser in the world is demonstrated in the advisor ranking tables below:
Advisory mandates won in 2004: Global
Key:
1 – Privately owned sponsors,
2 – Government or government owned sponsors,
3 – Bidders in a competition
* Mandates won, ongoing and closed in 2004
Source: Project Finance International, January 2005
Our experience and innovation has been recognised by Project Finance International (PFI), the leading industry journal in the project finance field, who selected PwC as Global Adviser of the Year for 2004:
PwC is also the thought leader in the area of PPP development. Recent publications include Developing public private partnerships in new Europe, in which we identified and analysed the major issues relevant to the development of PPPs across an enlarged EU, and The trans-European transport network: From aspiration to reality, a contribution to the debate on what can be done to deliver investment in TEN-T. It reflects the experience of the PwC transport team across Europe in financing complex infrastructure projects as well as our interpretation of the issues arising on other projects in which we have not been directly involved.
