Let’s Get To Work
What’s in a Name?
It is estimated that the world needs approximately $90tn of infrastructure investment to support population growth, urbanization, and refurbishments through 2040.1 Even with sizable infrastructure programs like President Biden’s proposed $2.3tn “American Jobs Plan”, governments across the globe are extremely limited in their ability to close what has been an increasingly widening infrastructure investment gap. Consequently, there is a growing opportunity for private sector involvement. Historically, governments have used various forms of financing to supply infrastructure assets, including various tax incentives, bond financing, custom leases, and usage fees. Over time, governments have increasingly turned to private investments through privatizations, public-private partnerships (“P3”), or project finance.
But what is infrastructure, exactly?
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