The U.K. Treasury Infrastructure Finance Unit

2008 and 2009 were challenging years to raise finance for public-private partnerships (PPP) and private finance initiative (PFI) schemes in the United Kingdom (UK). After some analysis, it was decided to focus on addressing the underlying problem of liquidity and to provide a solution that will encourage banks to resume their long-term financing of projects. In March 2009, the treasury created the infrastructure finance unit (TIFU) with the objective of lending to PFI projects on the same terms as commercial lenders in the event that insufficient private sector lending was available. This was successful in helping to inject confidence back into the market, as witnessed by the fact that projects have continued to be financed since the onset of the credit crisis. Recently, Her Majesty (HM) treasury announced that it will bring together of TIFU, the program and project delivery team of partnerships UK, and the treasury PPP policy unit into a single entity, infrastructure UK (IUK), which will focus on the next stage of U.K. infrastructure development.

Bibliographic Details

Main Authors:	Farquharson, Ed, Encinas, Javier
Format:	Brief biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2010-03
Subjects:	CREDIT MARKETS, CONTINGENT LIABILITIES, CAPITAL MARKETS, BASIS POINTS, INVESTMENT PLANS, FINANCE INITIATIVE, DEPOSITS, TIMELY PAYMENT, PUBLIC-PRIVATE PARTNERSHIPS, FINANCING, PRIVATE LENDING, PRINCIPAL, INTEREST, GUARANTEES, BIAS, INDUSTRY, OPTION, EXCHANGE, CREDIT CRUNCH, INFORMATION, LIQUIDITY, SERVICES, PUBLIC SERVICES, PORTFOLIO, BONDS, LOAN, PRICING, FEE, PROJECTS, GOVERNMENT ASSETS, MARKET FAILURE, PAYMENTS, CREDITOR, MFIS, LENDER, FIXED RATE, CREDIBILITY, BANK LENDING, BUDGET, MATURITY, LONG-TERM DEBT, MANDATE, CREDIT RATINGS, STANDARD CONTRACT, MARKET DEVELOPMENT, TELECOMMUNICATIONS, POLICY RESPONSES, COMMERCIAL BANK, TRANSPORT, OPTIONS, BANK DEBT, TRANSFERS, PAYMENT, DEBT, CAPITAL MARKET, MARKETS, RETURN, LENDERS, LOANS, PRIVATE FINANCE, DUE DILIGENCE, FINANCE, BANK FINANCING, TERM CREDIT, INFRASTRUCTURE, PRIVATE FUNDING, BANKS, EQUITY, TRANSACTION, INVESTORS, PROCUREMENT, AFFORDABILITY, CAPITAL, DOMESTIC MARKETS, TERM FINANCE, LAST RESORT, LIQUIDITY CRISIS, MARKET CONDITIONS, FINANCIAL CRISIS, FUTURE, VALUE, GOVERNMENT GUARANTEE, BANK, RETURNS, CREDIT, COMMERCIAL DEBT, CONFLICTS OF INTEREST, INVESTMENT BANK, CONTRACT, HOUSEHOLD, PRIVATE SECTOR FINANCING, REPAYMENT, DEBT FINANCE, LOAN PORTFOLIO, EQUITY INVESTORS, BALANCE SHEET, DEFAULT, MARKET, EIB, CREDIT RATING, LIQUIDITY PROBLEM, FINANCING SHORTFALL, REGULATION, TREASURY, INSURANCE, LONG TERM FINANCING, FIRST LOAN, COMMERCIAL LENDERS, FINANCIAL MARKET, INVESTMENT, RISK, BOND, COMMERCIAL BANKS, FLOATING RATE, BANKING, INFRASTRUCTURE FINANCE, FUNDING, LENDING, PRIVATE FINANCING, FEES, INSURANCE COMPANIES, MATURITIES, INSTRUMENT, LENDING POLICY, CAPITAL INVESTMENT, GOVERNMENTS, LIABILITIES, LONG-TERM LOANS, PRIVATE-SECTOR LENDERS, GUARANTEE, GROUP OF BANKS,
Online Access:	http://documents.worldbank.org/curated/en/2015/11/25236763/uk-treasury-infrastructure-finance-unit-supporting-ppp-financing-during-global-liquidity-crisis https://hdl.handle.net/10986/23035
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