Infrastructure Finance : The Business of Infrastructure for a Sustainable Future

by Neil S. Grigg (Colorado State Univ., Fort Collins)

• ISBN13: 9780470596456
• ISBN10: 0470596457
• Format: eBook
• Copyright: 2010-02-01
• Publisher: Wiley

Summary

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.

Table of Contents

Preface

Acknowledgments

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

Infrastructure Sectors and Investments

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

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

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

Telecommunications Sector

Why Telecommunications Is an Infrastructure Sector

Then and Now

Sector Structure and Size

Internet

Telecommunication Companies

Sector Issues and Outlook

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

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

Waste Management Sector

Sector Structure and Size

Categories of Solid Wastes

Recycling and the Materials Industry

Sector Issues and Outlook

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

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

Financing Infrastructure

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

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

Capital Markets for Infrastructure

Capital Requirements of Sectors

Capital Flows of Infrastructure

Capital Structure of Infrastructure Sectors

Sources of Capital

Investment Banking

Summary

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

Looking Toward the Future

Opportunities and Risks for Infrastructure

Infrastructure as a Policy Sector

Infrastructure Policy Elements

Sector Issues

Transformational Issues

Data Sources

Infrastructure Companies

Acronyms

References

About the Author

Index

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