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...
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| Format: | Brief |
| Language: | English en_US |
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World Bank, Washington, DC
2015
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| 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 |
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okr-10986-230352021-04-23T14:04:12Z The U.K. Treasury Infrastructure Finance Unit : Supporting PPP Financing During the Global Liquidity Crisis Farquharson, Ed Encinas, Javier CREDIT MARKETS CONTINGENT LIABILITIES CAPITAL MARKETS BASIS POINTS INVESTMENT PLANS FINANCE INITIATIVE DEPOSITS TIMELY PAYMENT PUBLIC-PRIVATE PARTNERSHIPS FINANCING PRIVATE LENDING PRINCIPAL INTEREST GUARANTEES BIAS INDUSTRY OPTION EXCHANGE CREDIT CRUNCH INFORMATION LIQUIDITY SERVICES PUBLIC SERVICES PORTFOLIO BONDS LOAN PRICING FEE PROJECTS GOVERNMENT ASSETS MARKET FAILURE PAYMENTS CREDITOR MFIS LENDER FIXED RATE CREDIBILITY BANK LENDING BUDGET MATURITY LONG-TERM DEBT MANDATE CREDIT RATINGS STANDARD CONTRACT MARKET DEVELOPMENT TELECOMMUNICATIONS POLICY RESPONSES COMMERCIAL BANK TRANSPORT OPTIONS BANK DEBT TRANSFERS PAYMENT DEBT CAPITAL MARKET MARKETS RETURN LENDERS LOANS PRIVATE FINANCE DUE DILIGENCE FINANCE BANK FINANCING TERM CREDIT INFRASTRUCTURE PRIVATE FUNDING BANKS EQUITY TRANSACTION INVESTORS PROCUREMENT AFFORDABILITY CAPITAL DOMESTIC MARKETS TERM FINANCE LAST RESORT LIQUIDITY CRISIS MARKET CONDITIONS FINANCIAL CRISIS FUTURE VALUE GOVERNMENT GUARANTEE BANK RETURNS CREDIT COMMERCIAL DEBT CONFLICTS OF INTEREST INVESTMENT BANK CONTRACT HOUSEHOLD PRIVATE SECTOR FINANCING REPAYMENT DEBT FINANCE LOAN PORTFOLIO EQUITY INVESTORS BALANCE SHEET DEFAULT MARKET EIB CREDIT RATING LIQUIDITY PROBLEM FINANCING SHORTFALL REGULATION TREASURY INSURANCE LONG TERM FINANCING FIRST LOAN COMMERCIAL LENDERS FINANCIAL MARKET INVESTMENT RISK BOND COMMERCIAL BANKS FLOATING RATE BANKING INFRASTRUCTURE FINANCE FUNDING LENDING PRIVATE FINANCING FEES INSURANCE COMPANIES MATURITIES INSTRUMENT LENDING POLICY CAPITAL INVESTMENT GOVERNMENTS LIABILITIES LONG-TERM LOANS PRIVATE-SECTOR LENDERS GUARANTEE GROUP OF BANKS 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. 2015-11-18T22:01:07Z 2015-11-18T22:01:07Z 2010-03 Brief 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 English en_US Public-private partnerships solutions note; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Europe and Central Asia United Kingdom |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
CREDIT MARKETS CONTINGENT LIABILITIES CAPITAL MARKETS BASIS POINTS INVESTMENT PLANS FINANCE INITIATIVE DEPOSITS TIMELY PAYMENT PUBLIC-PRIVATE PARTNERSHIPS FINANCING PRIVATE LENDING PRINCIPAL INTEREST GUARANTEES BIAS INDUSTRY OPTION EXCHANGE CREDIT CRUNCH INFORMATION LIQUIDITY SERVICES PUBLIC SERVICES PORTFOLIO BONDS LOAN PRICING FEE PROJECTS GOVERNMENT ASSETS MARKET FAILURE PAYMENTS CREDITOR MFIS LENDER FIXED RATE CREDIBILITY BANK LENDING BUDGET MATURITY LONG-TERM DEBT MANDATE CREDIT RATINGS STANDARD CONTRACT MARKET DEVELOPMENT TELECOMMUNICATIONS POLICY RESPONSES COMMERCIAL BANK TRANSPORT OPTIONS BANK DEBT TRANSFERS PAYMENT DEBT CAPITAL MARKET MARKETS RETURN LENDERS LOANS PRIVATE FINANCE DUE DILIGENCE FINANCE BANK FINANCING TERM CREDIT INFRASTRUCTURE PRIVATE FUNDING BANKS EQUITY TRANSACTION INVESTORS PROCUREMENT AFFORDABILITY CAPITAL DOMESTIC MARKETS TERM FINANCE LAST RESORT LIQUIDITY CRISIS MARKET CONDITIONS FINANCIAL CRISIS FUTURE VALUE GOVERNMENT GUARANTEE BANK RETURNS CREDIT COMMERCIAL DEBT CONFLICTS OF INTEREST INVESTMENT BANK CONTRACT HOUSEHOLD PRIVATE SECTOR FINANCING REPAYMENT DEBT FINANCE LOAN PORTFOLIO EQUITY INVESTORS BALANCE SHEET DEFAULT MARKET EIB CREDIT RATING LIQUIDITY PROBLEM FINANCING SHORTFALL REGULATION TREASURY INSURANCE LONG TERM FINANCING FIRST LOAN COMMERCIAL LENDERS FINANCIAL MARKET INVESTMENT RISK BOND COMMERCIAL BANKS FLOATING RATE BANKING INFRASTRUCTURE FINANCE FUNDING LENDING PRIVATE FINANCING FEES INSURANCE COMPANIES MATURITIES INSTRUMENT LENDING POLICY CAPITAL INVESTMENT GOVERNMENTS LIABILITIES LONG-TERM LOANS PRIVATE-SECTOR LENDERS GUARANTEE GROUP OF BANKS |
| spellingShingle |
CREDIT MARKETS CONTINGENT LIABILITIES CAPITAL MARKETS BASIS POINTS INVESTMENT PLANS FINANCE INITIATIVE DEPOSITS TIMELY PAYMENT PUBLIC-PRIVATE PARTNERSHIPS FINANCING PRIVATE LENDING PRINCIPAL INTEREST GUARANTEES BIAS INDUSTRY OPTION EXCHANGE CREDIT CRUNCH INFORMATION LIQUIDITY SERVICES PUBLIC SERVICES PORTFOLIO BONDS LOAN PRICING FEE PROJECTS GOVERNMENT ASSETS MARKET FAILURE PAYMENTS CREDITOR MFIS LENDER FIXED RATE CREDIBILITY BANK LENDING BUDGET MATURITY LONG-TERM DEBT MANDATE CREDIT RATINGS STANDARD CONTRACT MARKET DEVELOPMENT TELECOMMUNICATIONS POLICY RESPONSES COMMERCIAL BANK TRANSPORT OPTIONS BANK DEBT TRANSFERS PAYMENT DEBT CAPITAL MARKET MARKETS RETURN LENDERS LOANS PRIVATE FINANCE DUE DILIGENCE FINANCE BANK FINANCING TERM CREDIT INFRASTRUCTURE PRIVATE FUNDING BANKS EQUITY TRANSACTION INVESTORS PROCUREMENT AFFORDABILITY CAPITAL DOMESTIC MARKETS TERM FINANCE LAST RESORT LIQUIDITY CRISIS MARKET CONDITIONS FINANCIAL CRISIS FUTURE VALUE GOVERNMENT GUARANTEE BANK RETURNS CREDIT COMMERCIAL DEBT CONFLICTS OF INTEREST INVESTMENT BANK CONTRACT HOUSEHOLD PRIVATE SECTOR FINANCING REPAYMENT DEBT FINANCE LOAN PORTFOLIO EQUITY INVESTORS BALANCE SHEET DEFAULT MARKET EIB CREDIT RATING LIQUIDITY PROBLEM FINANCING SHORTFALL REGULATION TREASURY INSURANCE LONG TERM FINANCING FIRST LOAN COMMERCIAL LENDERS FINANCIAL MARKET INVESTMENT RISK BOND COMMERCIAL BANKS FLOATING RATE BANKING INFRASTRUCTURE FINANCE FUNDING LENDING PRIVATE FINANCING FEES INSURANCE COMPANIES MATURITIES INSTRUMENT LENDING POLICY CAPITAL INVESTMENT GOVERNMENTS LIABILITIES LONG-TERM LOANS PRIVATE-SECTOR LENDERS GUARANTEE GROUP OF BANKS Farquharson, Ed Encinas, Javier The U.K. Treasury Infrastructure Finance Unit : Supporting PPP Financing During the Global Liquidity Crisis |
| geographic_facet |
Europe and Central Asia United Kingdom |
| relation |
Public-private partnerships solutions note; |
| description |
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. |
| format |
Brief |
| author |
Farquharson, Ed Encinas, Javier |
| author_facet |
Farquharson, Ed Encinas, Javier |
| author_sort |
Farquharson, Ed |
| title |
The U.K. Treasury Infrastructure Finance Unit : Supporting PPP Financing During the Global Liquidity Crisis |
| title_short |
The U.K. Treasury Infrastructure Finance Unit : Supporting PPP Financing During the Global Liquidity Crisis |
| title_full |
The U.K. Treasury Infrastructure Finance Unit : Supporting PPP Financing During the Global Liquidity Crisis |
| title_fullStr |
The U.K. Treasury Infrastructure Finance Unit : Supporting PPP Financing During the Global Liquidity Crisis |
| title_full_unstemmed |
The U.K. Treasury Infrastructure Finance Unit : Supporting PPP Financing During the Global Liquidity Crisis |
| title_sort |
u.k. treasury infrastructure finance unit : supporting ppp financing during the global liquidity crisis |
| publisher |
World Bank, Washington, DC |
| publishDate |
2015 |
| url |
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 |
| _version_ |
1764452721078829056 |