TY - JOUR
T1 - Impact of the capital market collapse on public-private partnership infrastructure projects
AU - Regan, Michael
AU - Smith, Jim
AU - Love, Peter E D
PY - 2011/1
Y1 - 2011/1
N2 - The collapse of capital markets is having an impact of the funding arrangements for economic and social infrastructure projects in Australia. Bearing this in mind, this paper seeks to examine whether the current volatility and uncertainty in capital markets in Australia affects the feasibility of privately financed infrastructure and specifically the public-private partnership (PPP) method of procurement. This paper examines the role and dependency that capital markets play in funding PPPs, current market conditions, and how they will affect PPP viability. In addition, alternative funding and procurement mechanisms that can be used for short-and medium-term infrastructure deliveries are presented.
AB - The collapse of capital markets is having an impact of the funding arrangements for economic and social infrastructure projects in Australia. Bearing this in mind, this paper seeks to examine whether the current volatility and uncertainty in capital markets in Australia affects the feasibility of privately financed infrastructure and specifically the public-private partnership (PPP) method of procurement. This paper examines the role and dependency that capital markets play in funding PPPs, current market conditions, and how they will affect PPP viability. In addition, alternative funding and procurement mechanisms that can be used for short-and medium-term infrastructure deliveries are presented.
UR - http://www.scopus.com/inward/record.url?scp=78650377741&partnerID=8YFLogxK
U2 - 10.1061/(ASCE)CO.1943-7862.0000245
DO - 10.1061/(ASCE)CO.1943-7862.0000245
M3 - Article
AN - SCOPUS:78650377741
VL - 137
SP - 6
EP - 16
JO - American Society of Civil Engineers, Journal of the Construction Division
JF - American Society of Civil Engineers, Journal of the Construction Division
SN - 0733-9364
IS - 1
ER -