Public-private partnership and public works in Europe. The search for a balance between rules and flexibility

Studies
Biancamaria RAGANELLI

This work aims to offer some food for thought on the theme of reliance models in public private partnership relationships from a comparative perspective between the main European states, highlighting the main issues discussed. There are several models of entrustment attributable to the Public Private Partnership, identifiable by four main categories: construction and management concession on the proposal of the promoter (so-so-so-so-good project finance), construction concession on proposal of the contracting station, concession of services, other forms of public private collaboration. The text focuses in particular on the institute of project finance, the discipline of which has been the subject of various interventions and changes over the years and most recently completely reformulated as a result of the third corrective decree. The aim of this work is, if possible, to contribute to the debate fuelled by the amendment of current legislation on public works. In particular, attention will be focused on the transport sector, which is a crucial sector for the development of the country system, in Italy particularly under-paid financially in terms of committed public expenditure, compared to the investments necessary to allow our country to bridge the infrastructure gap that has been highlighted several times. The countries considered together with Italy are the United Kingdom, Spain, France and Germany.