A comprehensive look at the emergence of infrastructure finance
Just as infrastructure development acts as a catalyst for economic growth, it is also changing the landscape for potential investors and the burgeoning field of infrastructure finance. Infrastructure systems for transportation, utilities, and public works are essential for economic growth and have quickly developed into an emerging alternative asset class.
Infrastructure Finance examines how the activities associated with updating and creating efficient transportation and communications, reliable and affordable energy, clean water, and other essential systems, have become a profitable financial endeavor. Recently, providing, operating, and maintaining infrastructure has advanced as a recognized and important investment sector that reaches beyond earlier business models. Infrastructure Finance puts this field in perspective and details what you need to know to succeed within it.
An informative look at infrastructure finance-an emerging alternative investment for all types of institutional investorsDissects the central organizational and financial issues behind the revolutions that are occurring in infrastructure management and financeContains detailed guidance for navigating the dynamic field of infrastructure financeDiscusses infrastructure as arteries of life for a better worldHighlights infrastructure undergoing transformations to adapt to turbulent environmentsFocuses on Green infrastructure to balance economic and environmental changes
As infrastructure finance continues to grow in importance, you'll need to enhance your understanding of its essential aspects. Infrastructure Finance will provide you with the insights to achieve this goal.
Neil S. Grigg is professor of civil and environmental engineering at Colorado State University. Hehas worked as professor, administrator, and consultant in the fields of infrastructure engineering andmanagement, water resources engineering, urbanwater systems, and public administration ofinfrastructure facilities and environmental regulatory programs. Grigg is a registered professional engineer in Colorado, Alabama, and North Carolina. He has served as a consultant for many government organizations, including the United Nations agencies FAO, UNDP, and UNESCO.
Preface. Acknowledgments. Chapter 1 An Introduction to Infrastructure Finance. What is Infrastructure Business? Infrastructure Then and Now. A System of Systems. Sector Structure and Size. Estimating the Per Capita Cost. Need for New Approaches. Summary. Part One Infrastructure Sectors and Investments. Chapter 2 Models of the Infrastructure Sectors. Classification System. Infrastructure and Service Organizations. Business Models of Infrastructure Subsectors. How Infrastructure Systems Serve the Built Environment. Matrix of Owners and Users of Infrastructure Systems. Infrastructure and Services: Structures and Equipment. Infrastructure Support Sector. Summary. Chapter 3 Infrastructure and the Constructed Environment. Land Uses in the Built Environment. Growth and Change in Urban Areas. Financial Assets in the Built Environment. Housing Finance as an Engine of Development. Commercial and Central City Development. Impact Fees and the Growth Pays Its Own Way Philosophy. Future Cities and Infrastructure. Summary of Issues and Outlook. Chapter 4 Transportation Sector. Sector Structure and Size. Road and Highway Systems. Mass Transit Systems. Air Travel and Airports. Intercity Rail Systems. Intercity Bus Transportation. Water-based Transportation. Pipelines. Sector Issues and Outlook. Chapter 5 Telecommunications Sector. Why Telecommunications Is an Infrastructure Sector. Then and Now. Sector Structure and Size. Internet. Telecommunication Companies. Sector Issues and Outlook. Chapter 6 Energy Sector. Sector Structure and Size. Energy Trends. Electric Power Industry. Natural Gas Industry. Petroleum Industry. Coal Industry. Nuclear Power Industry. Renewables. Energy Storage. Hydrogen Energy. Sector Issues and Outlook. Chapter 7 Water and Wastewater Sector. Then and Now. Sector Structure and Size. Financial Framework of the Sector. Financial Issues. Business Profiles. Water Industry Support Businesses. Privatization in the Water Sector. Investing in Water as a Commodity. Industry Policy and Regulation. Coordination in the Water Sector. Sector Issues and Outlook. Chapter 8 Waste Management Sector. Sector Structure and Size. Categories of Solid Wastes. Recycling and the Materials Industry. Sector Issues and Outlook. Chapter 9 Infrastructure and the Construction Industry. Then and Now. The Construction Industry Today. Organization of the Industry by Function and Sector. Organization by Business Lines. Project Delivery and Finance. Construction Companies. Sector Issues and Outlook. Chapter 10 Investor and Business Opportunities in Infrastructure. Then and Now. Bond Market. Stocks of Infrastructure Companies. Infrastructure Funds. Infrastructure Indices. Commodity Markets. Mortgage-backed Securities. Private Equity and Infrastructure. The Infrastructure Support Sector. Infrastructure Investment Media. Corruption in the Infrastructure Business. International Spending Plans. Investment Issues and Outlook. Part Two Financing Infrastructure. Chapter 11: A Scorecard for Infrastructure Performance. Tracking Infrastructure Performance. What Systems to Measure? What Are the Performance Standards? How Much Do They Cost? How Ready Are They to Perform? Financial and Economic Data on Infrastructure. Infrastructure Scorecard. Summary. Chapter 12 Financial Models for Infrastructure Organizations. General Management Model. General Financing Model. Sector Financing Models. How Governments Can Improve Infrastructure Performance. Public-Private Partnerships (PPP). Regulation. Summary. Chapter 13 Capital Markets for Infrastructure. Capital Requirements of Sectors. Capital Flows of Infrastructure. Capital Structure of Infrastructure Sectors. Sources of Capital. Investment Banking. Summary. Chapter 14 Revenues for the Infrastructure Sectors. Flow of Revenues. Rate-setting for Infrastructure-based Services. Rate Regulation. Revenue and Cost of Service Analysis. Tax Revenues and Subsidies. Infrastructure Revenue by Sector. Summary. Part Three Looking Toward the Future. Chapter 15 Opportunities and Risks for Infrastructure. Infrastructure as a Policy Sector. Infrastructure Policy Elements. Sector Issues. Transformational Issues. Appendix A: Data Sources. Appendix B: Infrastructure Companies. Appendix C: Acronyms. References. About the Author. Index.