The financial commodification of public infrastructure: The growth of offshore PFI/PPP secondary market infrastructure funds, ESSU Research Report No. 8, Dexter Whitfield

New research reveals the rapid growth and power of offshore secondary market infrastructure funds – a £17.1bn (€20.1bn) industry buying and selling equity in PFI/PPP project companies. The three-way profit gain – original SPV shareholders, secondary market fund sales and shareholder dividends of secondary market funds – means the total annual rate of return could be between 45%-60% – three to five times the rate of return in PFI/PPP final business cases. The five largest listed offshore infrastructure funds made a total profit of £1.8bn (€2.1bn) in the five-period 2011-2015 but paid ZERO tax. Recommends termination of PFI/PPP programme, nationalisation of SPVs, increased public investment and many more policy changes.

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European Services Strategy Unit, Duagh, Camp, Tralee, County Kerry, Ireland.
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This document was created by Dexter Whitfield on 2016-10-04 14:19:29.
This document was last modified by Dexter Whitfield on 2017-02-26 16:13:56.
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