Download or read book Ownership Management Funding of Infrastructure Assets written by Institute for International Research (N.Z.) and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Public Wealth of Nations written by Dag Detter and published by Springer. This book was released on 2016-02-05 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: We have spent the last three decades engaged in a pointless and irrelevant debate about the relative merits of privatization or nationalization. We have been arguing about the wrong thing while sitting on a goldmine of assets. Don’t worry about who owns those assets, worry about whether they are managed effectively. Why does this matter? Because despite the Thatcher/ Reagan economic revolution, the largest pool of wealth in the world – a global total that is much larger than the world’s total pensions savings, and ten times the total of all the sovereign wealth funds on the planet – is still comprised of commercial assets that are held in public ownership. If professionally managed, they could generate an annual yield of 2.7 trillion dollars, more than current global spending on infrastructure: transport, power, water, and communications. Based on both economic research and hands-on experience from many countries, the authors argue that publicly owned commercial assets need to be taken out of the direct and distorting control of politicians and placed under professional management in a ‘National Wealth Fund’ or its local government equivalent. Such a move would trigger much-needed structural reforms in national economies, thus resurrect strained government finances, bolster ailing economic growth, and improve the fabric of democratic institutions. This radical, reforming book was named one of the "Books of the Year".by both the FT and The Economist.

Download or read book Financialising City Statecraft and Infrastructure written by Andy Pike and published by Edward Elgar Publishing. This book was released on 2019 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financialising City Statecraft and Infrastructure addresses the struggles of national and local states to fund, finance and govern urban infrastructure. It develops fresh thinking on financialisation and city statecraft to explain the socially and spatially uneven mixing of managerial, entrepreneurial and financialised city governance in austerity and limited decentralisation across England. As urban infrastructure fixes for the London global city-region risk undermining national ‘rebalancing’ efforts in the UK, city statecraft in the rest of the country is having uneasily to combine speculation, risk-taking and prospective venturing with co-ordination, planning and regulation.

Download or read book The Infrastructure Finance Challenge written by Ingo Walter and published by Open Book Publishers. This book was released on 2016-11-21 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: Infrastructure and its effects on economic growth, social welfare, and sustainability receive a great deal of attention today. There is widespread agreement that infrastructure is a key dimension of global development and that its impact reaches deep into the broader economy with important and multifaceted implications for social progress. At the same time, infrastructure finance is among the most complex and challenging areas in the global financial architecture. Ingo Walter, Professor Emeritus of Finance, Corporate Governance and Ethics at the Stern School of Business, New York University, and his team of experts tackle the issue by focussing on key findings backed by serious theoretical and empirical research. The result is a set of viable guideposts for researchers, policy-makers, students and anybody interested in the varied challenges of the contemporary economy.

Download or read book Water Infrastructure written by Ellen Crocker and published by DIANE Publishing. This book was released on 2002-12 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: Communities will need an estimated $300 billion to $1 trillion over the next 20 years to repair, replace, or upgrade aging drinking water & wastewater facilities; accommodate a growing pop'n.; & meet new water quality standards. This report examines: (1) how the amount of funds obtained by large public & private drinking water & wastewater utilities -- those serving populations greater than 10,000 -- through user charges & other local funding sources compare with their cost of providing service; (2) how such utilities manage existing capital assets & plan for needed capital improvements; & (3) what factors influence private companies' interest in assuming the operation or ownership of publicly owned drinking water & wastewater facilities. Tables.

Download or read book Ownership and Financing of Infrasctructure written by Charles David Jacobson and published by World Bank Publications. This book was released on 1995 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Infrastructure as an Asset Class written by Barbara Weber and published by John Wiley & Sons. This book was released on 2016-07-05 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: Clear, comprehensive guidance toward the global infrastructure investment market Infrastructure As An Asset Class is the leading infrastructure investment guide, with comprehensive coverage and in-depth expert insight. This new second edition has been fully updated to reflect the current state of the global infrastructure market, its sector and capital requirements, and provides a valuable overview of the knowledge base required to enter the market securely. Step-by-step guidance walks you through individual infrastructure assets, emphasizing project financing structures, risk analysis, instruments to help you understand the mechanics of this complex, but potentially rewarding, market. New chapters explore energy, renewable energy, transmission and sustainability, providing a close analysis of these increasingly lucrative areas. The risk profile of an asset varies depending on stage, sector and country, but the individual structure is most important in determining the risk/return profile. This book provides clear, detailed explanations and invaluable insight from a leading practitioner to give you a solid understanding of the global infrastructure market. Get up to date on the current global infrastructure market Investigate individual infrastructure assets step-by-step Examine illustrative real-world case studies Understand the factors that determine risk/return profiles Infrastructure continues to be an area of global investment growth, both in the developed world and in emerging markets. Conditions continually change, markets shift and new considerations arise; only the most current reference can supply the right information practitioners need to be successful. Infrastructure As An Asset Class provides clear reference based on the current global infrastructure markets, with in-depth analysis and expert guidance toward effective infrastructure investment.

Download or read book An Infrastructure Governance Approach to Fiscal Management in State Owned Enterprises and Public Private Partnerships written by Asian Development Bank and published by Asian Development Bank. This book was released on 2022-11-01 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report identifies key governance challenges in the management of fiscal risks and contingent liabilities in Asia and the Pacific arising from public investments through public–private partnerships and state-owned enterprises. It highlights the importance of investment in quality infrastructure to overcome the trilemma of the overall infrastructure investment gap, limited fiscal space, and increasing debt. It shows that such investments need to be efficient—that is, they need to provide the right infrastructure delivering maximum economic benefits at the lowest cost. The report sets out practical insights as a resource for decision-makers.

Download or read book Using Project Finance to Fund Infrastructure Investments written by Steffen Schmidt and published by GRIN Verlag. This book was released on 2016-08-23 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2015 in the subject Economics - Finance, grade: 1,3, , language: English, abstract: The competitiveness and the ability of economic growth and the local living standards are closely related to a country’s infrastructure quality and volume. After World War II, in Europe huge investments in infrastructure, such as roads, railways or hospitals were traditionally financed by public sources, such as tax revenues, over-printing of money or borrowings. Today, especially in the developing countries there is a huge demand for infrastructure investments. There exist so-called “infrastructure gaps”: In order to improve the standard of living and the attractiveness of a country and econ-omy, the segments of transport, electricity generation, transmission as well as water and telecommunications are essential. The main problem for governments is that Infrastructure projects within these segments usually have a huge extent and require a lot of capital, which often is not available. The OECD estimates that there exists a global infrastructure investment requirement of 71 trillion dollars by the year 2030 only to improve the basic infrastructure. But also in Europe there is an important demand for infrastructure investments. Today, post financial crisis, the TEN-T pro-gram which started in 2014 and also the energy distribution networks or the power plants will require very huge amounts of capital in the coming years and decades, while the political and economic situation is rather uncertain. The forms of financing projects like the above mentioned have changed substantially: Over the past years and decades, severe budget constraints and inefficient manage-ment of infrastructure projects by public entities have led to an increased involvement of private investors in the business of infrastructure financing. This development has attached more and more importance to concrete strategies of private financing forms or partnerships. In recent years this private funding has increasingly taken the form of project finance. So there are basically the following questions: What exactly is project finance, how can a partnership between a public and a private entity be es-tablished and how can this construct help to solve the problem of the mentioned infrastructure gap? The scope of project finance, the different forms and the critical success factors and the meaning for infrastructure finance are the subject of this assignment.

Download or read book Ownership and Financing of Infrastructure Historical Perspectives written by D. Charles Jacobson and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: June 1995 History provides many examples of movements both toward and away from private ownership and operation of infrastructure. In France, Great Britain, and the United States, shifts between local, intermediate, and national levels of government in ownership and regulation of some forms of infrastructure have also been common. And spending cycles in all three countries have been marked by bursts of spending followed by periods of retrenchment and stability. Jacobson and Tarr summarize the rich and varied experiences of private and public provision of urban services in France, Great Britain, and the United States over the past 100 years. Their main focus is on experiences in the United States and on shifts back and forth between the public and private sectors. A few of their observations: * The values of politically important actors as well as the working of government, political, and legal institutions have shaped decisions about infrastructure development, the sorts of public goods demanded, and the roles played by private firms. * The range of choices that has historically been made with respect to the ownership, financing, and operation of different infrastructures has been far too varied to be encompassed by simple distinctions between public and private. * Throughout the world, many infrastructures owned and operated by governments have been built by private firms. * In the United States, private firms and property-owners associations of various sorts have owned outright both toll roads and residential streets. Private firms have also collected solid wastes and provided urban transport under a range of franchise, contracting, and regulatory arrangements. The situation with mass transit has been similar in Great Britain. Although water works facilities in France are predominantly government-owned, private firms operate and manage most systems under an array of contracting and leasing arrangements. * Even when facilities have been owned by private firms, direct competition has been of limited importance in the provision of many kinds of infrastructure. But market discipline can arise from other sources. * Privatization can get government bureaucracies out of the business of performing entrepreneurial activities for which they may be poorly suited. When market forces are weak, however, and important public interests are at stake, strengthening government institutions may be a prerequisite for successful privatization. * In the electric utility industry, private firms played a far greater role in U.S. electric utilities than in Great Britain, in part because of different views about appropriate roles for government in providing essential services. For similar reasons, the state played a much larger role in furnishing telecommunications services in France than in the United States. * Beliefs about the publicness of different goods and services have helped shape the character of regulatory, franchise, and contracting arrangements. When a good is seen as mainly private, it is easier for private service providers to be compensated mainly by user fees and for most decisions about price, output, and quality of service to be left to them. But for goods viewed as public and subsidized by taxes, government agencies make many decisions about price, output, and quality, no matter what the role played by private firms in actually providing services. * Goods defined as public have often been provided free to users, even though it would have been easy to exclude nonpayers. Examples in the United States include interstate highway systems, public parks, public libraries, and police and fire protection. Free services have been provided because it is believed that in these domains market relationships should not apply -- and that denying nonpayers the public service would be a denial of rights. * In Great Britain and the United States, the contracting out of public services has been both supported and opposed because of its potential to break the power of public sector unions and to cut workers' pay. In the United States, privatization has also come under attack on the grounds that opportunities for minority employment may be reduced. This paper -- a product of the Office of the Vice President, Development Economics -- is a background paper for World Development Report 1994 on infrastructure.

Download or read book The Handbook of Infrastructure Investing written by Michael D. Underhill and published by John Wiley & Sons. This book was released on 2010-04-29 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive overview of cutting edge infrastructure investment topics from sector experts Infrastructure investing is one of the fastest growing and most complex asset classes facing investment professionals, practitioners, and academics. The Handbook of Infrastructure Investing examines this dynamic discipline by featuring contributions from numerous investment experts in each sector. Salient topics include timelines for domestic and international infrastructure investing; progression of strategies and present day trends; challenges of successful infrastructure programs with labor unions; events in history that have ushered in new reforms; and much more. Unearths some of the biggest investment opportunities available and addresses how to make money, while meeting other portfolio investment objectives: environmental, socially conscious, and governance principles, pro-labor investing and other collateral investment objectives Offers insights from some of the best minds in the business Covers the resurgence in transportation, the types of deals associated with it, and how transportation finance has changed Contains commentary from public pension funds, endowments, foundations, and family office investment professionals Provides an overview of the traditional and alternative energy sector and the abundant investment opportunities within it As infrastructure investing continues to grow, you'll need to enhance your understanding of this field. The Handbook of Infrastructure Investing will get you up to speed on all the issues associated with it, and provide a dynamic working guide to building an infrastructure investment program.

Download or read book Infrastructure Investing written by Rajeev J. Sawant and published by John Wiley & Sons. This book was released on 2010-03-15 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Invaluable information regarding one of the biggest worldwide growth areas in investing-infrastructure assets Infrastructure investing is about to explode on the worldwide scene. The fact is that real money will need to be spent on real projects-which will present real opportunities for stable, long-term returns. But infrastructure assets have unique characteristics and the investments and funds that will likely rise up must be suitably structured to serve investor needs. Author Rajeev Sawant has been analyzing infrastructure investments, funds, and project financing programs for nearly five years, and with this book, he presents information that will be invaluable to lenders, pension funds, insurance companies, investment funds, rating agencies, and even governments. Presents comprehensive data analysis on infrastructure cases worldwide Analyzes the opportunities as well as the pitfalls of infrastructure investing Focuses on the needs of pensions, insurance companies, and endowments interested in infrastructure investing For the next decade, worldwide economic growth and increased employment-as well as investment returns-will come from infrastructure projects. This book will help you understand today's dynamic infrastructure asset class and quickly get you up to speed on the unique risks and rewards associated with it.

Download or read book Principles of Public and Private Infrastructure Delivery written by John B. Miller and published by Springer Science & Business Media. This book was released on 2000-11-30 with total page 696 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essential to anyone involved in the planning, design, construction, operation or finance of infrastructure assets, this innovative work puts project delivery, finance, and operation together in a practical new formulation of how both public and private owners can better manage their entire collection of infrastructure facilities. Principles of Public and Private Infrastructure Delivery traces the history of infrastructure development and finance in the United States, and meticulously ties America's historical success in infrastructure to the simultaneous use of Design-Bid- Build, Design-Build, Design-Build-Operate, and Design-Build-Finance-Operate to deliver both public and private infrastructure collections. This historical background provides the basis for a new, integrated strategy for managing infrastructure assets in the 21st century. Principles of Public and Private Infrastructure Delivery provides the logic and practical tools that public and private decision-makers need to make better strategic choices in the application of scarce resources to infrastructure facilities. New tools are presented that permit simple comparisons of different project delivery and finance strategies. Practical approaches are provided that allow owners to quickly compare capital program alternatives for entire collections of infrastructure facilities. Practical legislative strategies for organizing the delivery of public infrastructure are presented and described. Principles of Public and Private Infrastructure Delivery provides a practical framework that owners can apply to implement a competitive infrastructure strategy and a principled framework that private sector firms can use to effectively reposition themselves in this changing market. It puts infrastructure asset management in an entirely new and more productive light, and establishes a new paradigm for steady improvement in the quality and cost performance of public and private infrastructure networks. Audience: This book will be an essential reference tool for infrastructure managers throughout the public and private sectors, including: Public Works Officials; Corporate Officials Responsible for Asset Management; State Legislators and Executive Officials; State Agencies and Regional Authorities Responsible for Transportation, Water Supply and Treatment; City Mayors, Town Managers, and Other Local Officials; Private Infrastructure Developers and Operators; Procurement and Project Counsel; Design-Builders; Constructors; Design Professionals; Management Consultants; Program Managers; and Financial Institutions.

Download or read book From Global Savings Glut to Financing Infrastructure written by Mr.Rabah Arezki and published by International Monetary Fund. This book was released on 2016-02-09 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the emerging global landscape for public-private co-investments in infrastructure. The creation of the Asian Infrastructure Investment Bank and other so-called “infrastructure investment platforms” are an attempt to tap into the pool of both public and private long-term savings in order to channel the latter into much needed infrastructure projects. This paper puts these new initiatives into perspective by critically reviewing the literature and experience with public private partnerships in infrastructure. It concludes by identifying the main challenges policy makers and other actors will need to confront going forward and to turn infrastructure into an asset class of its own.

Download or read book New and Improved written by Benjamin Dachis and published by . This book was released on 2017 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Canadian governments are on the verge of the largest infrastructure spending increases in decades. The challenge for policymakers at all levels of governments is to decide whether they should seek more private funding. Canadian institutional investors - notably the seven largest Canadian public pension plans as well as global investors - are looking to participate in new user-fee-supported infrastructure: both in existing assets and in new projects. To provide Canadian retirees with the best possible returns, Canada's largest pension plans have invested $87 billion of their $1 trillion-plus in assets in infrastructure, but mostly abroad. Meanwhile, Canadian and foreign institutional investors such as pension funds and insurance companies would likely place a high value on Canadian user-fee financed infrastructure, but Canadian governments have opened few opportunities for such investment. Indeed, this Commentary argues that government ownership of infrastructure has led to inefficient management, poor project selection, and higher risks on taxpayers disguised by low government borrowing costs. To provide opportunities for investors to meet beneficiaries' needs through financing infrastructure, Canadian governments should create policies that support institutional investment in both existing assets and for new infrastructure. Existing government-owned, user-fee-financed assets offer the greatest potential for government revenue from asset sales, including partial sales in which governments retain economic control. Governments could use the proceeds from such institutional investment to fund new infrastructure - particularly ocial-service infrastructure like schools and hospitals and other non-fully-self-financing infrastructure - alongside institutional investors. Taxpayers would benefit from better use of existing assets, as would users of more efficient infrastructure. The federal government recently announced plans to create an infrastructure bank that it would initially bankroll, but with a mandate to foster institutional investment capital for new public infrastructure. It is critical that Ottawa get right the design details of such a bank as well as other related institutions. There are differences between private investment in new versus existing infrastructure. But many policy issues are the same. In addition to an infrastructure bank, Canadian governments should take the following steps to encourage more institutional infrastructure investment: where necessary, create independent regulatory bodies to oversee infrastructure assets that ensure their owners, either government-owned corporations or institutional investors, act in the public interest ahead of private profit and for long-term sustainability; ? open infrastructure investment opportunities to the highest bidder among domestic or foreign investors and do not require any provincial or federal pension funds to invest. This requires the federal government to have expertise it can lend to smaller communities on business cases for institutional investors; seek out opportunities to recycle user-fee financed assets at their maximum value to taxpayers or allocate contracts to operate new non-full-user fee assets that provide the highest savings or cost-avoidance; and provide financial encouragement to provincial and municipal governments to work with the federal infrastructure bank since they own the vast majority of existing and potential user-fee financed infrastructure of interest to institutional investors."--Page [1].

Download or read book Infrastructure Assets written by Relmond P. Van Daniker and published by . This book was released on 1986 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Managing Government Property Assets written by Olga Kaganova and published by The Urban Insitute. This book was released on 2006 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments own a vast array of real property--from large stretches of land to public housing projects, from water distribution systems and roads to office buildings. Typically, management of public property is highly fragmented, with responsibility for each type of asset falling within a different agency or bureaucracy. In almost all countries, different classes of property are managed according to their own rules, often following traditional practices rather than any assessment of what type of management is appropriate. Over the past decade, however, a new discipline has emerged that examines this important component of public wealth and seeks to apply standards of economic efficiency and effective organizational management. Managing Government Property Assets reviews and analyzes this recent wave of activity. The authors draw upon a wide variety of national and local practices, both in countries that have been leaders in management reforms and in countries just beginning to wrestle with the problem. This comparison reveals that the issues of public property management are surprisingly similar in different countries, despite striking differences in institutional contexts and policy solutions.