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Flanders nightmare
06 May 2011
Despite – or perhaps because of – its precarious constitutional equilibrium, Belgium has been a fount of innovation in PPP. But just as the market begins to experience some stability, national politics threatens to intervene. By Antony Collins.
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[ppp]
[belgium]
[eupen shcools]
Belgium is gaining momentum in its PPP programme, and has closed nine deals since 2006, with a value of Eu3.66 billion ($5.44 billion), with at least 14 more, worth over Eu2.7 billion, in the pipeline (see tables below). The majority of these are, encouragingly, not too big, usually between Eu75 million and Eu200 million in size. Belgium has achieved this momentum despite being in the throes of a four-year-old political crisis, with its political parties setting a world record for failing to form a central government.
The most recent PPP to close was the Eupen schools concession. The Eu146 million project was awarded to the PPP Schulen Eupen consortium, made up of CFE, SKE Facility Management (a German subsidiary of Vinci) and DIF Infrastructure II. The group was awarded a 25-year design-build-finance-maintain (DBFM) contract agreement for eight schools across three sites in the country’s German-speaking region.
Eupen was relatively straightforward...
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