Financing

At international level there is a steadily widening gap between the demand for infrastructure facilities and the resources available for financing these types of investment from government budgets. Therefore, the possibility of private financing for complex construction projects in relation to BOT (Build-Operate-Transfer) or PPP (Private-Public Partnerships) projects is becoming an increasingly crucial factor in international competition. The growing importance of BOT and PPP projects lead to the forming of the Working Group “Finance” in the year 2002. The Working Group is reviewing the existing literature in this field and will in due course give its own recommendations on how to improve the respective tendering procedures and the interaction between various types and sources of financing, as well as the division of risk between the parties involved. It is in constant contact with the United Nations Economic Commissions for Europe and shares its endeavour to spread the idea of PPP in this particular region.

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