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Quarterly PPP Market Update, Q4 2022

Janvier 2023
WAPPP (World Association of PPP Units & Professionals) / InfraPPP (16 pages).

Following on from Q3, geopolitical challenges and market uncertainty continue to be important considerations for investors deciding how and where to deploy infrastructure capital in Q4.
Persistent inflationary pressure, the fallout from the Russia-Ukraine war, aggressive monetary tightening in the US and EU, and the escalating European energy crisis, which has now been exacerbated by an OPEC production cut, all point to a difficult outlook for infrastructure investment.
This has also taken a toll on the number of PPP deals, which declined from 274 in Q3 to 217 in Q4. The number of projects in pre-financial close status has also decreased from 213 to 189. On a positive note, the number of open PPP tenders remains high, with 89 tenders in the current quarter, down slightly from 93 tenders in Q3.