Fin Infra replaces the previous Mission d'Appui aux Partenariats Public-Privé (MAPPP) task force, with extended powers and double the number of team members. Unlike its predecessor, it will be able to provide advice on concession contracts and other forms of public-private contracting, rather than just public private partnerships (PPPs).
MAPPP director Salim Bensmail will lead the new body on a pilot basis, according to local press reports (link in French).
Project finance expert Stéphane Gasne of Pinsent Masons, the law firm behind Out-Law.com, said that the creation of the new body would contribute to France's infrastructure market recovery.
"The MAPPP transformation into Fin Infra, with extended powers and additional team members, will help standardise the market practices by spreading the knowledge of adequate allocation of risks for bankable projects among public clients," he said.
New PPP laws came into force in France at the start of April, removing the previous "complexity and urgency" requirements, according to InfraNews. PPP projects need now only pass a 'value for money' test, according to the report.
