Now, yes. Now is the time for public-private partnerships.

In the wake of the expected implementation of the Recovery and Resilience Mechanism, which will mean an additional source of funding for Spain of almost 140,000 million euros, public debate has returned to the need for an appropriate model of public-private collaboration that will enable investments to be channelled with the agility required by this new European instrument and, furthermore, to multiply the economic effect of the funds received on our productive fabric.

It therefore seems necessary to introduce these working models as a matter of urgency.

The Spanish government recognised the expansionary effect of public-private investment, putting it at 1 to 4; in other words, the use of this type ofcooperation formulae can attract up to 4 euros of private investment for every public euro invested. While generally admitting the benefits of public-private partnerships, we must ask ourselves why our Public Administrations do not commit themselves to this formula in an unequivocal manner and why many of the projects tendered under this collaboration scheme have failed. Is our problem a lack of confidence?