Delivering infrastructure projects requires close collaboration between public and private stakeholders. This is because of:
- political and economic challenges and
- constraints on financial resources.
This section is written in this context. It focuses on public and private sources of funding, and aims to show the key distinctions between financing and funding, and corporate finance and project finance.
It also gives an overview of the principal funders of public–private schemes. There is then a review of recent developments in land value capture. The concept of value for money (VfM) from a government and private-sector perspective is also outlined. The discussion is supported by two case studies.
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