Infrastructure Finance in Europe PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Infrastructure Finance in Europe PDF full book. Access full book title Infrastructure Finance in Europe by Youssef Cassis. Download full books in PDF and EPUB format.
Author: Youssef Cassis
Publisher: Oxford University Press
ISBN: 019871341X
Category : Business & Economics
Languages : en
Pages : 381
Get Book
Book Description
Although funding infrastructure has always been a challenging issue in any country and at any time, the topic is still largely unexplored. A European history of infrastructure financing over the long term does not yet exist, and the purpose of this book is to partially fill that gap. It explores the diverse historical paths pursued in order to solve the problem of infrastructure finance in various European countries, drawing upon the findings of an international and interdisciplinary research project. Economic historians, economists, and engineers grouped together to investigate case studies showing paradigmatic examples and to unravel their specificities across the Old Continent by combining evidence from the literature and untapped sources. The volume is structured into four sections; after an introductory chapter by the editors, the first section offers 'horizontal' contributions that encompass the entire history of European infrastructure finance. The other three sections deal with one single sector each, namely water, transport, and telecommunications. The recipients of this investigation are not only economic historians but also all those who deal with infrastructure planning, such as policymakers, economists, and engineers, who have to disentangle complex problems relating to financing issues. They all can draw from these chapters' original insights and interactions between theory and policy issues. The book shows that one single pattern fitting all does not exist in infrastructure financing, and it invites us to consider history as a research laboratory in which to understand why the economic and financial dogmas of our times are challenged by past experience.--
Author: Youssef Cassis
Publisher: Oxford University Press
ISBN: 019871341X
Category : Business & Economics
Languages : en
Pages : 381
Get Book
Book Description
Although funding infrastructure has always been a challenging issue in any country and at any time, the topic is still largely unexplored. A European history of infrastructure financing over the long term does not yet exist, and the purpose of this book is to partially fill that gap. It explores the diverse historical paths pursued in order to solve the problem of infrastructure finance in various European countries, drawing upon the findings of an international and interdisciplinary research project. Economic historians, economists, and engineers grouped together to investigate case studies showing paradigmatic examples and to unravel their specificities across the Old Continent by combining evidence from the literature and untapped sources. The volume is structured into four sections; after an introductory chapter by the editors, the first section offers 'horizontal' contributions that encompass the entire history of European infrastructure finance. The other three sections deal with one single sector each, namely water, transport, and telecommunications. The recipients of this investigation are not only economic historians but also all those who deal with infrastructure planning, such as policymakers, economists, and engineers, who have to disentangle complex problems relating to financing issues. They all can draw from these chapters' original insights and interactions between theory and policy issues. The book shows that one single pattern fitting all does not exist in infrastructure financing, and it invites us to consider history as a research laboratory in which to understand why the economic and financial dogmas of our times are challenged by past experience.--
Author: Youssef Cassis
Publisher:
ISBN: 9780191781841
Category : Infrastructure (Economics)
Languages : en
Pages :
Get Book
Book Description
The social returns of investment in water, roads and railways are apparent in the long run, but this distant horizon poses problems to governments and investors. This volume explores the different historical paths to solving the problem of infrastructure finance in Europe, from the fall of the Roman Empire to the end of the 20th century.
Author: E. Rossi
Publisher: Springer
ISBN: 1137524049
Category : Business & Economics
Languages : en
Pages : 193
Get Book
Book Description
Project sponsors in Europe are facing more and more difficulty when acquiring conventional long-term bank loans for infrastructure projects. The regulatory landscape for debt markets will evolve further with implementation of Basel III requirements. Recently, the Asset Quality Review under the European Central Bank's Comprehensive Assessment process, and related pressures on banks' balance sheets, have constrained bank long-term lending. This has led to much discussion on non-conventional bank funding options for infrastructure deals in the future. This book analyses the project bond financing solution in detail, identifying all the specific features that make it highly suitable for large capital intensive infrastructure projects. The first part of the book assesses the main characteristics and prerequisites of project finance, including public-private partnership, infrastructure project assets and greenfield versus brownfield projects. It then discusses the European infrastructure project finance market in detail, before comparing bank conventional lending versus the project bond solution. In the final part of the book, the author presents the Europe 2020 project bond initiative, and reveals a range of key case studies and their findings.
Author: Ingo Walter
Publisher: Open Book Publishers
ISBN: 1783742968
Category : Business & Economics
Languages : en
Pages : 134
Get Book
Book Description
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.
Author: Youssef Cassis
Publisher: Oxford University Press
ISBN: 0191022446
Category : Business & Economics
Languages : en
Pages : 400
Get Book
Book Description
Funding infrastructure has always been a challenging issue in any country and at any time, yet the topic is still largely unexplored. The social returns of investment in water, roads, railways, or more recently telegraph or communication satellites are often apparent in the long run, but this distant horizon poses special problems to governments and investors. This volume provides a broad overview of the main financing solutions implemented in Europe to support infrastructures from the fall of the Roman Empire up to the end of the 20th century. It explores the diverse historical paths pursued in order to solve the problem of infrastructure finance in various European countries, and draws upon the findings of an international and interdisciplinary research project. It brings together case studies by economic historians, economists, and engineers, and the clear taxonomy guides the reader through the financing solutions that have been developed to fund infrastructure over almost three thousand years. The volume is organized into four parts; after an introductory chapter by the editors, Part One offers 'horizontal' contributions that cover the history of European infrastructure finance. Parts Two, Three, and Four each focus on a single sector, namely water, transport, and telecommunications. The findings show how history can inform thinking on contemporary infrastructure problems.
Author: Hilde Meersman
Publisher: CRC Press
ISBN: 1317688635
Category : Education
Languages : en
Pages : 265
Get Book
Book Description
This book provides an expert analysis of alternative investments routes and the investment strategies available to the major port players, and is a much-needed guide to expanding the investor base for private debt funding of projects from loan providers to bond investors. Port infrastructure investments are vitally important to all ports throughout the world; without these investments, the competitive position of ports and of the dependent logistics sector will deteriorate. National/regional governments and the local port authorities are no longer a guaranteed source of sufficient financial input to meet the continuous port infrastructure investment needs of major ports. It is, therefore, increasingly crucial for ports to broaden their strategies and secure alternative streams of investment. This book provides expert insight into areas of port infrastructure finance across the main regions of Europe, Asia, Africa and the USA. Topics include how to estimate future demand by way of forecasting; Public-Private Partnerships; corporatisation; the pricing mechanisms for syndicated loans; European port privatisation; finance strategies for ports in Asia, the USA and Africa; and a discussion of the investment strategies available to the major port players. Port Infrastructure Finance is an invaluable book for all parties involved in the port and maritime business, as well as investment companies, banks and other financial institutions involved in infrastructure investment.
Author: Haydn Shaughnessy
Publisher: Wiley
ISBN: 9780471943815
Category : Business & Economics
Languages : en
Pages : 192
Get Book
Book Description
Designed to assist managers in companies of any size to understand the nature of project financing in the new European Community, enabling them to anticipate the requirements of project finance institutions. Coverage includes new sources of project finance, the changing criteria of large project financial organizations, the most popular financing techniques, cross-border projects, Russian privatization, emerging markets and the distribution of resources across the EC. Features numerous case studies of project finance.
Author: Thomas Laursen
Publisher: World Bank Publications
ISBN: 9780821378953
Category : Business & Economics
Languages : en
Pages : 40
Get Book
Book Description
This paper describes the characteristics of public investment management (PIM) in seven EU countries as it applies to a single sector transport infrastructure. The report highlights some of the common challenges that four relatively new EU member states Poland, Slovakia, Slovenia, and Latvia face as they plan and execute their transport infrastructure projects. It recognizes the importance that EU-mandated processes and procedures have in shaping national systems in the new member states (NMS), but the report finds that actual practices often fall short of EU goals due to capacity constraints, weak institutional structures, and other factors. The experiences of the NMS are compared with those of more developed economies (namely Spain, the UK, and Ireland) to assess whether the later countries have faced similar challenges in managing public investment, and if so, what measures they have adopted to overcome them. This comparative analysis serves to draw out several good practice examples that are relevant for all countries. How those practices are applied in each country is a matter for further study, as each country considers its own political culture and administrative tradition. This paper is a first step toward building dialogue among public finance practitioners in Central and Eastern Europe on how to make public investment projects more effective and efficient over the long term.
Author: Steffen Schmidt
Publisher: GRIN Verlag
ISBN: 3668281092
Category : Business & Economics
Languages : en
Pages : 20
Get Book
Book Description
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.
Author: Barbara Weber
Publisher: John Wiley & Sons
ISBN: 0470661755
Category : Business & Economics
Languages : en
Pages : 474
Get Book
Book Description
The market for infrastructure is vast and, contrary to popular belief, the range of potential infrastructure investments is extremely broad. An investor who does not have a sufficient overview and insight into the infrastructure market or an awareness of the suitable investment opportunities and the risks they entail, will find it difficult to select the right investments. This book is a comprehensive guide to the subject, bringing together the topics of infrastructure investments, project finance and public private partnerships (PPPs), equipping investors with the necessary theoretical knowledge and background information as well as practical examples in order to further their understanding of the key aspects of infrastructure investments. It answers questions such as: How is infrastructure defined? Which sectors are classified as infrastructure, how are they categorised, and what are the differences between them? Is infrastructure an asset class in its own right? If so, what are its characteristics? What are the fundamental options for investing in infrastructure? What is a good starting point for institutional investors? How should infrastructure funds be evaluated? What risks do they entail and how can these risks be identified and assessed? How should they be structured in order to best allocate these risks? The book discusses the differing objectives and expectations of the parties involved and the conditions required by public principals and investors in order to enable these groups to overcome the ?language problems? they largely encounter. In addition to background knowledge and information on the latest developments in the individual subject areas, the book also explains the methodology of project finance in detail, both for traditional project finance and in the PPP context, establishing the key differences to other forms of financing, guiding readers through the various phases of project analysis on a step-by-step basis using practical examples. Well structured infrastructure investments can serve to improve the risk-return profile of an investor?s overall portfolio on account of their long term and their low level of correlation with traditional asset classes. This book will assist investors in their understanding of infrastructure investments, leading to a better informed portfolio. "A comprehensive and well-written overview of many relevant topics in the infrastructure sector; a useful guide for everyone involved or interested in the infrastructure area." Henk Huizing, Head of Infrastructure, PGGM "A comprehensive book that effectively marries the topics of infrastructure investing, project finance and PPPs as well as bridges the gap between the theoretical and the practical - the authors are to be commended on this work." Marc S. Lipschultz, Global Head of Energy and Infrastructure, Kohlberg Kravis Roberts & Co. "Quite a book and one that should definitely be part of the toolkit of those who are interested in the Infrastructure asset class. Had this comprehensive work been available ten years ago, no doubt, one or two of us certainly would have done things differently. So, let's keep it closely at hand as a guide for the future that helps us deliver even better outcomes for all stakeholders and enables us to further develop the asset class." Ron Boots, Senior Portfolio Manager - Co head Infrastructure Investments, APG All Pensions Group
