The pipeline in Belgium for DBFM projects is very promising. This type of funding via DBFM or design, build, finance and maintain, became more popular in Belgium since the realization of the largest social infrastructure DBFM in Europe, ‘Scholen van Morgen’. Resources for school infrastructure in Flanders have been lower than the needs of schools … Read more
Social Infrastructure - Schools
As Public Private Partnership for schools infrastructure becomes more popular throughout Europe and the world, TA Europe has a broad experience in this domain.
Public Private Partnerships for education infrastructure and services can help extend the reach and effectiveness of government funds, encourage innovation in education and increase the capacity of physical educational infrastructure. PPPs complement and strengthen the public and private partner in the financing and provision of education services.
In the Education Sector, our LTA team was involved in several school projects throughout Europe, gaining broad project experiences and building up a profound and robust benchmark database. Our team advised in all stages of the project lifecycles, from Initial Technical Due Diligence stage to Construction and Operation Monitoring as well as Transaction Advice on the Secondary Market.
We find that the most common risks and challenges are:
- Keeping the assets in a clean and proper condition to prevent vandalism is a key success factor
- Maintaining moving elements (doors) in a functional condition which are heavily stressed by the users
- Change of school types due to political adjustments of the education system has a significant influence on the vandalism in schools due to the educational background of the users
- Adjustment of the school’s technical infrastructure to stay up-to-date with the technical innovations required by the users, e.g. broadband internet, desktop computer in classrooms and wifi in all buildings
TA Europe continues to monitor the PPP schools Cologne for the financing bank consortium. The city of Cologne has awarded the renovation and ongoing maintenance of Cologne schools in 2005 on the basis of a public-private partnership agreement (PPP model) to HOCHTIEF PPP Beteiligungs GmbH & Co. KG in Essen. The project has a total … Read more