Infrastructure
Bankable infrastructure & PPP
Infrastructure funding depends on the allocation of delivery, demand, payment and policy risks.
Our role in the sector
Governments across the region are increasingly turning to concession and availability-based PPP structures to close a substantial infrastructure gap.
The constraint is rarely appetite — it is bankability.
We advise sponsors and public counterparties on structuring projects that lenders will actually finance, coordinating grant, development and commercial capital into a single workable structure.
We may consider an investment only after the project and risks have been independently assessed.
Technical development, construction and operation remain with the responsible parties.
Where another group company is the operating specialist, ERAM Invest’s role remains limited to investment, financing, capital structuring, advisory and transaction support — operational execution stays with the relevant specialist.
Where we focus
We look at transport, utilities, social and digital infrastructure.
- Transport
- Roads, logistics corridors and connectivity projects, frequently availability-based PPPs.
- Social Infrastructure
- Healthcare, education and public-building concessions with public counterparties.
- Digital Infrastructure
- Data centres, fibre and connectivity assets underpinning the digital economy.
- Utilities
- Water, waste and municipal infrastructure with long-term cash flows.
The full capital stack
- Senior Debt
- Banks, DFIs and IFIs — term, project and capex facilities.
- Private Credit
- Direct lending and structured credit where banks step back.
- Mezzanine
- Subordinated and quasi-equity bridging the funding gap.
- Equity
- Institutional, strategic and co-investment equity via SPVs.
Frequently Asked Questions
Frequently asked questions
What is the difference between a PPP and a conventional public contract?
In a PPP the private party typically finances, builds and operates the asset over a long concession, recovering cost through availability payments or user revenue. A conventional contract transfers no financing or long-term operating risk.
PPP & Infrastructure →Link to this questionHow large is the regional infrastructure pipeline?
The Western Balkans pipeline spans transport, social and digital infrastructure. The constraint on delivery is rarely capital appetite — it is the supply of projects structured to a financeable standard.
PPP Financing in the Western Balkans →Link to this questionCan a municipality engage ERAM Invest directly?
Yes, subject to procurement rules and conflict checks. We advise public counterparties on structuring projects that lenders will finance, as well as sponsors bidding for them.
Contact →Link to this question
