Diritto Pubblico Comparato ed Europeo

Sommario

1. Modelli europei e introduzione del “project finance” nell’ordinamento spagnolo. – 1.1. Profili di diritto costituzionale. – 1.2. Profili di diritto amministrativo. – 1.2.1. La creazione di società. – 2. Evoluzione normativa. – 3. L’incidenza della normativa comunitaria sul modello spagnolo. – 4. Le tecniche di “project finance”: il modello BOT (Build, Operate and Transfer). – 4.1. Le varianti del BOT: il DBFO (Design, Build, Finance and Operate), il DCMF (Design, Construct, Manage and Finance) e il modello BOO (Build, Own and Operate). – 5. Profili operativi. – 5.1. L’Impresa de Proyecto. – 5.2. Stabilità del rapporto e rischio di impresa. – 6. Conclusioni.

Abstract

Project financing is an innovative and timely financing technique that has been used in many high-profile corporate projects. This article describes this technique in Spain, walking readers through its essential steps and procedures. First, the circulation of European models is set out, analyzing the German, French and English models, and their reception in Spain. The second part of the article distinguishes project financing from conventional direct financing, in relation to the constitutional and administrative perspectives. Finally, it examines the impact of European Union Law on the public-private relationships in project financing for constructing, maintaining and running public works and activating services.