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Milestone 5Public Private Partnership:<strong>Dexia</strong> concentrateson sustainable financingHistorically a partner of localauthorities, it was natural for <strong>Dexia</strong>to play premier roles in the developmentof innovative modes of financing publicservices. Through its structured financeactivities, the Group assembles packagesin a Public Private Partnership (PPP)mode, one of its specialities. At the endof the Nineties, the Group positioneditself on these long-term contracts,invented in the United Kingdom, linkingprivate operators to the constructionand maintenance of social utilityinfrastructures: roads, railway lines,schools, hospitals and so on. This is asystem which enables risks to be sharedand costs to be optimized over time forthe authority concerned. In <strong>2005</strong>, <strong>Dexia</strong>confirmed its position as the leadingbank in the world for the financing ofthis type of project. Today the Group isinvolved, as arranger, investor or advisor,in extremely important operations andcalls for tender throughout Europeand elsewhere in the world: in theUnited States, Australia, Canada,and shortly in several large emergingcountries where the PPP is appearingas a future solution in the financingof huge infrastructure requirements.59
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