<italic>Value for money (VfM) is a key parameter for the public sector in the choice between a public-private partnership (PPP) and traditional procurement, especially for healthcare infrastructure. This paper investigates the differences in what VfM means to the public and private sectors.</italic>

Credit crunch is an obstacle to project financing bankability, which represents a starting point in order to restart anticyclical infrastructural investments. New instruments, such as project bonds defined by recent Italian legislation, need to be complemented by milder taxation and a more...

Purpose -The purpose of this paper is to detect how Value for Money (VfM) in Italian Project Finance (PF) investments can be enhanced and challenging criticalities minimized, with a synergistic interaction of macroeconomic, legal and institutional actions. Design/methodology/approach -Analysis...

The availability payment allows a remuneration of project finance investments that are only partially covered by tariff revenues.The amount of the payment, mainly fixed and so mildly risky, can have a strong effect on the bankability assessment and is disputed among participants to the tender.