Impact of the capital market collapse on public-private partnership infrastructure projects

Michael Regan, Jim Smith, Peter E D Love

Research output: Contribution to journalArticleResearchpeer-review

48 Citations (Scopus)
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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.

Original languageEnglish
Pages (from-to)6-16
Number of pages11
JournalJournal of Construction Engineering and Management - ASCE
Issue number1
Publication statusPublished - Jan 2011


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