According to a new Standard and Poor’s report, Italy needs to address its poor track-record of Public Private Partnership (PPPs) transactions in order to increase private investor interest in greenfield infrastructure. In particular, the lengthy authorisation procedures and lack of transparency during the procurement phase often proves unattractive to investors.
In an attempt to tackle this, a number of measures have been introduced to increase the use of project bonds for financing infrastructure – for example, tax breaks allowing for the use of Special Purpose Vehicles (SPVs).
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