The U.K. Treasury Infrastructure Finance Unit : Supporting PPP Financing During the Global Liquidity Crisis
2008 and 2009 were challenging years to raise finance for public-private partnerships (PPP) and private finance initiative (PFI) schemes in the United Kingdom (UK). After some analysis, it was decided to focus on addressing the underlying problem o...
| Main Authors: | , |
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| Format: | Brief |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2015
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2015/11/25236763/uk-treasury-infrastructure-finance-unit-supporting-ppp-financing-during-global-liquidity-crisis http://hdl.handle.net/10986/23035 |
| Summary: | 2008 and 2009 were challenging years to
raise finance for public-private partnerships (PPP) and
private finance initiative (PFI) schemes in the United
Kingdom (UK). After some analysis, it was decided to focus
on addressing the underlying problem of liquidity and to
provide a solution that will encourage banks to resume their
long-term financing of projects. In March 2009, the treasury
created the infrastructure finance unit (TIFU) with the
objective of lending to PFI projects on the same terms as
commercial lenders in the event that insufficient private
sector lending was available. This was successful in helping
to inject confidence back into the market, as witnessed by
the fact that projects have continued to be financed since
the onset of the credit crisis. Recently, Her Majesty (HM)
treasury announced that it will bring together of TIFU, the
program and project delivery team of partnerships UK, and
the treasury PPP policy unit into a single entity,
infrastructure UK (IUK), which will focus on the next stage
of U.K. infrastructure development. |
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