Background
The Greek Ministry of Rural Development and Food initiated the IDORF2.0 program, a major initiative with a significant budget aimed at improving irrigation infrastructure across Greece. Within this program, several irrigation projects are being implemented using a Public-Private Partnership (PPP) model to enhance efficiency, sustainability, and operational management.
Our team was engaged as financial advisors for three specific PPP irrigation projects located in Crete, Northern Greece, and Thessaly, each with construction costs of approximately €100 million. Under the PPP model, selected private-sector entities would undertake the construction, maintenance, and operation of the irrigation infrastructure over a 20-year period, receiving an availability payment as compensation. These projects are currently at various stages, ranging from provisional contractor selection and financial structuring to project redefinition and re-tendering.
Our comprehensive financial advisory support is essential in navigating complex PPP structures, ensuring sustainable irrigation infrastructure and optimal use of public resources.
Scope of Advisory Services
As financial advisors, our responsibilities encompassed the entire project lifecycle, specifically:
- Facilitating competitive dialogue and finalizing tender documents for binding offers.
- Supporting the negotiation and finalization of PPP partnership agreements.
- Ensuring financial structuring and securing project financing.
- Providing ongoing support during the initial project implementation phase to maintain effective collaboration between the Ministry and the private operators.
Expected Impact
Upon completion, these irrigation projects will significantly enhance water management, increase agricultural productivity, and promote sustainable resource use across key agricultural regions in Greece. The successful execution of these PPPs will demonstrate the effectiveness of private-sector participation in achieving critical infrastructure improvements with measurable long-term benefits.
This case study emphasizes the critical role of strategic financial advisory in enabling successful Public-Private Partnerships for essential infrastructure development.
