The funding for public-private partnerships (PPP), which were favoured for many major infrastructure projects, has effectively dried up, the government has been told.
The National Development Finance Agency (NDFA) has warned finance minister Brian Lenihan that banks are either unable or unwilling to finance large-scale projects in the current economic climate.
The state agency said that the global financial crisis was hitting funding for PPPs, a finance model whereby the state teams up with private...
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