Infrastructure Finance : The Business of Infrastructure for a Sustainable Future

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  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2010-03-08
  • Publisher: Wiley
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A comprehensive look at the emergence of infrastructure financeJust 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 investors Dissects the central organizational and financial issues behind the revolutions that are occurring in infrastructure management and finance Contains detailed guidance for navigating the dynamic field of infrastructure finance Discusses infrastructure as arteries of life for a better world Highlights infrastructure undergoing transformations to adapt to turbulent environments Focuses on Green infrastructure to balance economic and environmental changesAs 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.

Author Biography

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.

Table of Contents

Prefacep. xiii
Acknowledgmentsp. xvii
An Introduction to Infrastructure Financep. 1
What Is Infrastructure Business?p. 1
Infrastructure Then and Nowp. 3
A System of Systemsp. 7
Sector Structure and Sizep. 9
Estimating the Per Capita Costp. 11
Need for New Approachesp. 11
Summaryp. 13
Infrastructure Sectors and Investments
Models of the Infrastructure Sectorsp. 19
Classification Systemp. 19
Infrastructure and Service Organizationsp. 22
Business Models of Infrastructure Subsectorsp. 24
How Infrastructure Systems Serve the Built Environmentp. 26
Matrix of Owners and Users of Infrastructure Systemsp. 27
Infrastructure and Services: Structures and Equipmentp. 28
Infrastructure Support Sectorp. 30
Summaryp. 33
Infrastructure and the Constructed Environmentp. 37
Land Uses in the Built Environmentp. 37
Growth and Change in Urban Areasp. 39
Financial Assets in the Built Environmentp. 45
Housing Finance as an Engine of Developmentp. 47
Commercial and Central City Developmentp. 55
Impact Fees and the Growth-Pays-Its-Own-Way Philosophyp. 58
Future Cities and Infrastructurep. 60
Summary of Issues and Outlookp. 62
Transportation Sectorp. 65
Sector Structure and Sizep. 65
Road and Highway Systemsp. 69
Mass Transit Systemsp. 79
Air Travel and Airportsp. 84
Intercity Rail Systemsp. 87
Intercity Bus Transportationp. 90
Water-based Transportationp. 91
Pipelinesp. 92
Sector Issues and Outlookp. 92
Telecommunications Sectorp. 97
Why Telecommunications Is an Infrastructure Sectorp. 97
Then and Nowp. 99
Sector Structure and Sizep. 100
Internetp. 102
Telecommunication Companiesp. 102
Sector Issues and Outlookp. 104
Energy Sectorp. 109
Sector Structure and Sizep. 109
Energy Trendsp. 114
Electric Power Industryp. 116
Natural Gas Industryp. 119
Petroleum Industryp. 121
Coal Industryp. 122
Nuclear Power Industryp. 124
Renewablesp. 126
Energy Storagep. 127
Hydrogen Energyp. 129
Sector Issues and Outlookp. 129
Water and Wastewater Sectorp. 135
Then and Nowp. 135
Sector Structure and Sizep. 137
Financial Framework of the Sectorp. 141
Financial Issuesp. 144
Business Profilesp. 145
Water Industry Support Businessesp. 149
Privatization in the Water Sectorp. 152
Investing in Water as a Commodityp. 154
Industry Policy and Regulationp. 154
Coordination in the Water Sectorp. 155
Sector Issues and Outlookp. 156
Waste Management Sectorp. 161
Sector Structure and Sizep. 161
Categories of Solid Wastesp. 162
Recycling and the Materials Industryp. 169
Sector Issues and Outlookp. 170
Infrastructure and the Construction Industryp. 178
Then and Nowp. 173
The Construction Industry Todayp. 175
Organization of the Industry by Function and Sectorp. 179
Organization by Business Linesp. 180
Project Delivery and Financep. 182
Construction Companiesp. 185
Sector Issues and Outlookp. 191
Investor and Business Opportunities in Infrastructurep. 193
Then and Nowp. 193
Bond Marketp. 195
Stocks of Infrastructure Companiesp. 198
Infrastructure Fundsp. 206
Infrastructure Indicesp. 210
Commodity Marketsp. 212
Mortgage-backed Securitiesp. 213
Private Equity and Infrastructurep. 213
The Infrastructure Support Sectorp. 214
Infrastructure Investment Mediap. 214
Corruption in the Infrastructure Businessp. 215
International Spending Plansp. 216
Investment Issues and Outlookp. 216
Financing Infrastructure
A Scorecard for Infrastructure Performancep. 223
Tracking Infrastructure Performancep. 223
What Systems to Measure?p. 225
What Are the Performance Standards?p. 226
How Much Do They Cost?p. 230
How Ready Are They to Perform?p. 230
Financial and Economic Data on Infrastructurep. 234
Infrastructure Scorecardp. 239
Summaryp. 243
Financial Models for Infrastructure Organizationsp. 245
General Management Modelp. 246
General Financing Modelp. 248
Sector Financing Modelsp. 251
How Governments Can Improve Infrastructure Performancep. 255
Public-Private Partnershipsp. 260
Regulationp. 262
Summaryp. 262
Capital Markets for Infrastructurep. 265
Capital Requirements of Sectorsp. 265
Capital Flows of Infrastructurep. 267
Capital Structure of Infrastructure Sectorsp. 268
Sources of Capitalp. 271
Investment Bankingp. 283
Summaryp. 284
Revenues for the Infrastructure Sectorsp. 287
Flow of Revenuesp. 287
Rate-Setting for Infrastructure-Based Servicesp. 289
Rate Regulationp. 293
Revenue and Cost of Service Analysisp. 296
Tax Revenues and Subsidiesp. 297
Infrastructure Revenue by Sectorp. 299
Summaryp. 299
Toward the Future
Opportunities and Risks for Infrastructurep. 303
Infrastructure as a Policy Sectorp. 303
Infrastructure Policy Elementsp. 304
Sector Issuesp. 306
Transformational Issuesp. 307
Data Sourcesp. 315
Infrastructure Companiesp. 317
Acronymsp. 321
Referencesp. 327
About the Authorp. 341
Indexp. 343
Table of Contents provided by Ingram. All Rights Reserved.

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