Analysis of infrastructure funds as an alternative tool for the financing of public-private partnerships
Author
Lara-Galera, Antonio; Civil Engineering and Construction Department, Technical University of Madrid
Profesor Aranguren, 3, 28040, Madrid
Sánchez-Soliño, Antonio; Civil Engineering and Construction Department, Technical University of Madrid
Profesor Aranguren, 3, 28040, Madrid
Gómez-Linacero, María; Civil Engineering and Construction Department, Technical University of Madrid
Profesor Aranguren, 3, 28040, Madrid
Abstract
DOI: 10.7764/RDLC.16.3.403AbstractThe impact of the financial crisis has reduced the scope for public investment in infrastructure within government budgets. Governments face a situation where finding new sources of funding becomes essential. In the present paper is shown a vision of infrastructure funding, where new ways of financing are explained and analyzed, focusing on the emergence of the so-called infrastructure funds. The paper provides an insight on the impact of the participation of infrastructure funds in the financing of projects. The main result is a quantitative measure of the cost of using this type of financing instead of traditional debt.
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