Template-Type: ReDIF-Paper 1.0
Author-Name: Andrea Sartori
Author-Name-First: Andrea
Author-Name-Last: Sartori
Author-Email: andrea.sartori@unicatt.it
Title: I project bond in Italia: problemi e prospettive
Abstract: The research focuses on project bonds in Italy. Project bonds are issued to finance infrastructures and public works. This financial instrument, extensively debated in Italy and in Europe, seems designed to attract private investment and to ensure financing costs lower than bank loans. Therefore, it may be of particular relevance in a historical period (and in the future) when traditional sources of funding may not be able to provide the necessary resources to build infrastructures. Chapter 1 examines the legal framework of project bonds and innovations recently (2012-2013) introduced in the Italian law. Chapter 2 reviews the evolution of investments in infrastructure spending and the problem of private capital attraction. Chapter 3 analyses the public private partnership (PPP) and project finance Italian market in order to contextualize the possible role of project bonds. Chapter 4, correspondingly, examines the European and international profiles.
Keywords: project bond, obbligazioni di progetto, project financing, public private partnerships, PPP, partenariato pubblico privato, infrastrutture, investimenti, Europe 2020 Project Bond Initiative 
Classification-JEL: G28, H54, K23, R42 
Creation-Date: 2013
File-URL: http://centridiricerca.unicatt.it/cranec-crn1303.pdf
File-Format: Application/PDF
Number: crn1303        
Handle: RePEc:crn:wpaper:crn1303