Given obvious political and economic challenges, and ever-present constraints on financial resources, delivering infrastructure projects requires close collaboration between public and private-sector stakeholders. This section is written in this context and focuses on public and private sources of funding. It aims to set out some of the key distinctions between financing and funding, corporate finance and project finance.
It also discusses the historical context of infrastructure funding in the UK and presents an overview of the principal agents involved in public-private schemes. There is then a review of more recent developments in relation to 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 2 case examples.
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