Open Letter
Mary Doyle, Assistant Secretary,
Department of the Taoiseach
Against the backdrop of a major contraction in its economy this year, the Irish Government has reaffirmed its commitment to deliver €31.4 billion of infrastructure projects between now and 2013 as part of its strategy for supporting the economy. The PPP model will also have a role to play in delivering necessary capital investment.
However, while there still appears to be equity capital available for PPP projects, the credit crisis has resulted in a temporary reduction in available debt finance, which has encouraged national governments across the world to explore possible solutions to help bridge the funding gap until the markets recover. In Ireland, the Government is examining a number of alternative funding proposals, focusing on both possible sources of additional funding and the steps required to access such funding.
This year’s Irish Public Private Partnerships Policy Forum – the fifth time this highly successful one day annual event has been held – will not only consider PPP financing in Ireland but will also look overseas to see what actions other EU countries have taken.
It will also provide a timely update on other policy developments and best practice, and feature detailed overviews and case studies in the rail, waste, education and roads sectors.