PPP financing for infrastructure projects

The Economy Ministry is setting up an infrastructure fund with the contribution of European authorities that will finance projects amounting to 1 billion euros in the form of public-private partnerships (PPPs).

The general secretary of public investments, Panayiotis Korkolis, who is responsible for the Partnership Agreement for the Development Framework (ESPA) in Greece, announced at a conference titled "Invest EU: Partnerships in Europe and Greece" on Wednesday that an agreement to that effect will be signed with the European Investment Bank next week.

The financing of the new fund for infrastructure will come from ESPA (200 million euros), state borrowing from the EIB (200 million), the resources of the European Fund for Strategic Investments (200 million) and bank loans (300 million).

The aim of the new fund is to offer favorable financing terms to the private...