Infrastructure projects are often high cost and high risk, and it is partly because of this that the relationship between government and the private sector in delivering new infrastructure has continued to change.
This section mainly considers the role of government in infrastructure financing, and in particular how the use of government guarantees and support packages are used to encourage private investment in infrastructure. It is written primarily in a UK context.
It begins by giving important background to the highly politicised area of infrastructure financing, before introducing concepts such as PFI/PF2. It then gives an overview of the providers of private finance, before exploring the government’s role in some considerable depth.