19072018Headline:

Greece ranks third in PPP Competition Procedures, World Bank report says

Greece ranked third among 135 countries in the “PPP Competition Procedures” sector of the World Bank’s PPP 2018 report released on Monday.

In this year’s “Benchmarking PPP Procurement” annual report, World Bank analyses the regulatory framework of PPPs adopted by international governments with the aim to promote projects and other services. Greece ranks third in the evaluation of best practices in competition procedures of PPPs.

Greece has also received other international credits over its approach on PPPs. The European Parliament’s REGI commission acknowledged Greece as an innovator in funding PPP projects and noted “that up to now, only Greece managed to integrate more systematically the approach of PPPs in implementing Cohesion Policy goals”.

Governments around the world have turned to public-private partnerships (PPPs) to design, finance, build, and operate infrastructure projects. While PPPs remain a small proportion of the procurement of infrastructure, they constitute an important channel to attract private sector financing into infrastructure projects. However, lack of government capabilities to prepare, procure, and manage such projects constitutes an important barrier to attracting private sector investments, the World Bank said in a report.

Building on the success of Benchmarking Public-Private Partnership Procurement 2017, this year’s edition of the report significantly increases the geographical coverage from 82 to 135 economies, the report noted.