Michael McVeigh: PPP stakeholders should never lose sight of their overall responsibility to society

Referring to Public-Private Partnerships (PPPs) Michael McVeigh, Director, Government and Infrastructure, EY has underlined the importance of “Being realistic when allocating risk is key when it comes to project identification.”

He was speaking at a High Level Practical Workshop making up the second day of the 'Unlocking investment through Public-Private Partnerships (PPP)' International Summit in Nicosia.

In his address, McVeigh also underlined the importance of communicating to the public “what is happening with the revenue stream, not prejudicing the community.”

He underlined, “You should never lose sight of your overall responsibility for society.”

McVeigh also noted that, “Understanding the economics and policy objectives is the government’s job day to day. So consistency is important.”

The High Level Practical Workshop was designed to equip participants with the essential skills and strategies to develop compelling, investment-ready projects and effectively promote them to the right foreign direct investment (FDI) investors. Through expert insights, real-world case studies, and interactive sessions, attendees will learn how to structure projects to meet investor expectations, craft persuasive investment narratives, and utilise targeted promotion techniques to attract and engage the most suitable investors.

Speakers:

• Nayef S. Alhaddad, Manager of Research and Strategic Planning, Kuwait Authority for Partnership Projects (KAPP), Chairman, Middle East and North Africa Chapter, World Association of PPP Units and Professionals (WAPPP)
• Jean-Christophe Barth-Coullaré, International Mediator, Executive Director, World Association of PPP Units & Professionals (WAPPP)
• Edward Farquharson, Senior Adviser, European Investment Bank (EIB)
• Ziad-Alexandre Hayek, President, World Association of PPP Units & Professionals (WAPPP)
• Michael McVeigh, Director, Government and Infrastructure, EY
• Thibaut Mourgues, Managing Partner, Camden Advisory, Co-Founder, Head of Editorial Board, Head of AI & Technology chapter, World Association of PPP Units & Professionals (WAPPP)
• Ziad-Alexandre Hayek, President, World Association of PPP Units & Professionals (WAPPP)
• Lucia Fuselli, Chair of the Energy Chapter, Co-Chair of the Sustainability and Resilience Chapter, World Association of PPP Units & Professionals (WAPPP)

The Summit has been organised by Invest Cyprus, the World Association of Investment Promotion Agencies (WAIPA) and World Association of PPP Units & PPP Professionals (WAPPP).

EY Cyprus is Gold Sponsor, Hermes Airports is Silver Sponsor, and the European Investment Bank is the Knowledge Sponsor.