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BAM PPP looks to home markets for balance
23 December 2011
BAM’s PPP focus has been on highly-rated western European markets, though deal-flow is weak in several of them. Thomas Blott asks Richard Fielder, its chief executive, whether its balance is right.
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BAM PPP was formed at the end of 2004 to recognise Royal BAM Group’s increasing involvement in PPP in the company’s home markets: Belgium, Germany, Ireland, Netherlands and UK. Its current portfolio consists of 31 projects, distributed across the five markets; with a balance between accommodation and civil engineering projects.
The latest debt crisis is placing further strain on European governments’ balance sheets. Most governments, though certainly not all, view PPP as the most viable procurement option for building the assets they require. “As far as [continental] Europe is concerned, I think the PPP model has been widely accepted as a permanent model. And it’s adoption is accelerating quite successfully,” comments Richard Fielder, chief executive at BAM PPP.
Reinforcing its position in each of the home markets remains BAM PPP’s priority. Fielder reasons that a downturn in one market – say in Ireland, or the UK – can be compensated for with...
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