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) Blog Entry.
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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:||Website (Blog Entry)|
|Additional Information:||© 2012 The Author|
|Library of Congress subject classification:||H Social Sciences > HJ Public Finance
J Political Science > JN Political institutions (Europe)
|Journal of Economic Literature Classification System:||H - Public Economics > H5 - National Government Expenditures and Related Policies|
|Sets:||Collections > Economists Online
Collections > LSE European Politics and Policy (EUROPP) Blog
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