In third place, these usually infrastructural project related contracts ate up 4.85% of GDP in Cyprus.


Furthermore, in Portugal’s case, figures from its own budgetary statistics office, UTAO, show a €85 million or 9.5% overspend even while the total was down in year-on-year terms with highway based PPPs accounting for €61.9 million with the remainder stemming from hospital management PPPs.


In the case of the highway PPPs, gross costs came in at €83.8 million with €805 million paid out against a budgetary forecast of €721 million while revenues did come in better than expected with the €294 million in tolls collected better than the expected €272 million.