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Private Infrastructure Finance and Investment in Europe

EIB Working Papers 2013/02

50 Pages Posted: 25 Nov 2013  

Georg Inderst

Inderst Advisory

Date Written: June 15, 2013

Abstract

This study discusses the structure and development of private infrastructure finance in Europe in a global context. It examines the contribution of private capital to the financing of infrastructure investment needs. A ‘big picture’ is created by putting the various financing instruments and investment vehicles into a simple frame, i.e. percentages of GDP.

There is scope for the development of alternative financing arrangements (such as public-private partnerships) and investment vehicles (such as project bonds and suitable investment funds). However, the traditional ways of corporate (and public) capital expenditure as well bank lending, need to keep working in Europe. Institutional investors can play a bigger role as a source of finance but expectations should be realistic. There are a number of barriers in place, regulatory and otherwise, that need to be worked on.

Keywords: infrastructure finance, infrastructure investment, infrastructure policies, institutional investors, private finance

JEL Classification: E22, G15, G18, G23, G28, H54

Suggested Citation

Inderst, Georg, Private Infrastructure Finance and Investment in Europe (June 15, 2013). EIB Working Papers 2013/02. Available at SSRN: https://ssrn.com/abstract=2359648 or http://dx.doi.org/10.2139/ssrn.2359648

Georg Inderst (Contact Author)

Inderst Advisory ( email )

4 Evangelist Road
GB London, NW5 1UB
United Kingdom

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