Duration: 01 March 2018 – 31 May 2020
Staff Involved: Prof ME Haran; Dr M McCord; Dr PT Davis; Dr D. Lo; Dr J McCord
This research enhances understanding of the infrastructure investment landscape within six countries, namely Canada, China, India, Singapore, the UK and the US. The research explores the drivers behind the growth in private investment and places specific emphasis on investment into greenfield infrastructure projects and includes an exploration of the factors constraining project development pipelines and the implications for private investors. Through a comprehensive series of interviews with investors, developers, policy makers and advisers, the research produced an evidence base to inform the discussion on the growth of private infrastructure provision, on future policy developments and on the evolution of infrastructure as an investment asset class. Findings across the six countries highlight that improved facilitation of investment by policy makers (including more innovative exploration of partnership-based funding solutions) would relieve pricing pressures and ensure that the build-up of capital within the private investment universe is deployed, helping to close the global infrastructure investment ‘gap’. Our research has also shown that more efficient procurement and investment models for greenfield projects would also enhance private sector investment flows, which in turn would contribute to the realisation of the societal and economic benefits associated with new infrastructure provision.