Observatorio de I+D+i UPM

Memorias de investigación
Research Publications in journals:
The Europe 2020 Project Bond Initiative: an alternative to finance infrastructure in Europe
Year:2018
Research Areas
  • Land transport
Information
Abstract
The economic and financial crisis that struck Europe over the last few years has imposed much stricter capital and liquidity requirements for commercial banks thereby reducing their ability to provide funding to infrastructure projects. To circumvent this problem the European Union has promoted the Europe 2020 Project Bond Initiative (PBI) aimed at using European funds for credit enhancement to increase the appetite of institutional investors ? such as pension funds and insurance companies ? to boost large-scale infrastructure financing. In this paper we describe the specific constraints and attractiveness of the PBI within Europe using the SWOT methodology to analyse the information coming from both pilot case studies and the responses that institutional investors and other stakeholders provided to the EC public consultation about the PBI. On the basis of this information we found that even though the initiative may contribute to facilitate infrastructure financing in Europe, there are still some challenges to be addressed for its right implementation.
International
Si
JCR
Si
Title
Technological And Economic Development of Economy
ISBN
2029-4913
Impact factor JCR
3,244
Impact info
Volume
24
10.3846/20294913.2016.1209251
Journal number
1
From page
229
To page
252
Month
FEBRERO
Ranking
Participants
  • Autor: Jose Manuel Vassallo Magro (UPM)
  • Autor: Thais Rangel Guilherme Christiano (UPM)
  • Autor: María de los Angeles Baeza (Universidad de Granada)
  • Autor: Paola Carolina Bueno Cadena (UPM)
Research Group, Departaments and Institutes related
  • Creador: Grupo de Investigación: Planificación del Transporte
  • Centro o Instituto I+D+i: Centro de Investigación del Transporte
S2i 2020 Observatorio de investigación @ UPM con la colaboración del Consejo Social UPM
Cofinanciación del MINECO en el marco del Programa INNCIDE 2011 (OTR-2011-0236)
Cofinanciación del MINECO en el marco del Programa INNPACTO (IPT-020000-2010-22)