Investing in Long-Term Europe: Re-Launching Fixed, Network and Social Infrastructure
An individual chapter contributed by Carole Biau
Renewed investment in infrastructure in part depends on well-functioning credit channels. However, availability of finance is not the dominant problem in today’s infrastructure investment equation. Risk-mitigation instruments can help but are not enough; there is a need to focus on more structural obstacles which hamper project delivery, including the framework for investment in host countries, the resolution of market imperfections in network industries, and government commitment for long-term infrastructure investment. In this chapter, Carole Biau explores how governments can work on these key policy areas so as to more effectively channel available private capital into infrastructure sectors.
The entire book is available here.