Spain looks to PPP to fund infrastructure projects

The regional authorities in the Spanish Andalucia region are looking to the PPP model to develop infrastructure projects. A total finance deal worth some €768 million should be raised using the PPP structure so as to pay for five projects, which includes three road contracts. However the region originally had plans for €2.6 billion worth of infrastructure projects. The PPP model is being seen as the best way to progress with much needed infrastructure work in Spain given the severe financial problems the country is undergoing at present. The project is worth over €80 million.