Hellowell, Mark (2012) Investing in project bonds to support infrastructure development may help to return the Eurozone to growth. LSE European Politics and Policy (EUROPP) Blog (27 Jun 2012). Website.
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Abstract
Although costly for public authorities, construction projects undertaken through the private finance initiative (PFI) tend to be well-managed on the private sector side, delivering predictably high returns to investors. Against this background, and despite the desire of policy-makers to invest in infrastructure, the sector is facing a severe credit crunch. Mark Hellowell argues that, while EU-backed project-bonds may offer a solution by allowing projects to be funded by institutional investors, they may undermine the very disciplines that have led to PFI’s impressive record of delivery.
| Item Type: | Online resource (Website) |
|---|---|
| Official URL: | http://blogs.lse.ac.uk/europpblog/ |
| Additional Information: | © 2012 The Author |
| Divisions: | LSE |
| Subjects: | H Social Sciences > HJ Public Finance J Political Science > JN Political institutions (Europe) |
| JEL classification: | H - Public Economics > H5 - National Government Expenditures and Related Policies |
| Date Deposited: | 21 Sep 2012 08:51 |
| Last Modified: | 13 Sep 2024 18:10 |
| URI: | http://eprints.lse.ac.uk/id/eprint/46268 |
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