Friday, March 9, 2012
Poland: $3 Billion in PPP roads last year--$3+ Billion this year.
Poland spent more than $3 billion in 2011 building new roads with public private partnership delivery. 105 miles of road. Another 125 miles are planned to be tendered for PPP construction this year. With a 2011 expense budget of $110 billion, and a budget deficit of more than eight billion, coming up with $3 billion for new roads is not easy. Although lenders are wary of financing toll roads with uncertain revenue streams, with the government stepping in to guaranty the revenue stream these deals are getting done.
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