BAKU, Azerbaijan, March 31. The combined value of public-private partnership deals that reached financial close in the European market in 2022 amounted to 9.8 billion euros, which is an increase of 17 percent year-on-year ($8.4 billion in 2021), Trend reports, citing the publication from the European Investment Bank (EIB).
According to the report, the number of public-private partnership transactions reaching financial close increased to 45 from 44 in 2021.
"The average transaction size increased to 217 million euros (190 million euros in 2021). Three large transactions were closed in 2022 (the same number as in 2021). Their aggregate value amounted to 4.25 billion euros, representing 44 percent of the total market value (compared to 45 percent in 2021)," the bank noted.
At the same time, as the EIB reported, the number of demand-based/income-based transactions that reached financial closure increased to 70 percent of total transactions in 2022 (66 percent in 2021).
"An increase in the value and the number of public-private partnership deals in 2022 shows that, despite uncertainty and volatility in construction prices, the public-private partnership market is recovering after the shock of the coronavirus pandemic," the bank noted in its report.
