Bizanis, P; (2007) Delivering the PPP promise in Greece: Current situation and lessons learned from the international experience. Doctoral thesis , UCL (University College London).

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Abstract

Public-Private Partnerships (PPP) constitute an alternative method of procuring infrastructure projects. They include the cooperation of the public and private sectors for the provision of assets and services. The idea behind this kind of partnerships is old (France in the 19th century), however, in modern times it was introduced in the UK (1992) under the term Private Finance Iniative (PFI). Since then, and after 15 years of experience and evolution, many countries around the globe have adopted PPPs for projects and services in numerous public sectors, that include: transport, health, education, waste treatment, prisons, defence. In the light of these events, Greece has decided recently (2005) to launch a PPP program with a new legislation, in order to promote PPPs in the Greek market. Until now, only 3 transport projects (Attiki Odos, Rio-Antirio Bridge, International Airport of Athens) were procured as PPPs in Greece, however the "steps" of the Greek economy, during the last 15 years, were towards the participation of private funds in the operation of the state. Moreover, the contribution of the European Union with the Community Support Frameworks (CSF I,II,III 1989-2006) was, and still is, fundamental for the increase of public spending. Thus, we can conclude that the conditions for the development of PPPs, at this specific time, are more than propitious. This report will attempt to evaluate this effort of the Greek state, by examining the history and the present of PPPs in Greece and by using guidelines from the international experience and practice. This provides a basis for future research to examine the success or failure of this method, after the first series of such projects are complete.

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