Following an audit of 12 public private partnerships (PPPs) co-financed by the European Union, EU auditors recommend that the member states and European institutions should no longer promote this model that has been used for infrastructure projects in areas as diverse as transport and new technologies.
“PPPs cannot be considered a viable economic option for the successful construction of public infrastructure”, European Court of Auditors (ECA) member Oskar Herics told EUROPE on Tuesday...