An appraisal framework for evaluating financing approaches for public infrastructure

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Public Money & Management, ISSN: 0954-0962, Vol: 36, Issue: 4, Page: 273-280

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Henn, Liesel; Sloan, Keith; Charles, Michael B; Douglas, Neil
Informa UK Limited
Social Sciences; Business, Management and Accounting; Finance; infrastructure megaprojects; multi-criteria analysis; public infrastructure; 150200; Business; Tourism and Travel
article description
Innovative financing solutions for public infrastructure megaprojects require new approaches to assess the various financing portfolios being proposed. This paper discusses a range of international financing models and presents a new multi- criteria appraisal framework for assessing alternative ways of raising capital. The proposed framework combines elements of a multi-criteria analysis and cost benefit analysis, and incorporates both monetary and intangible impact measures to facilitate the selection of a financing approach that is in society’s best interest.