Description

he thrust on private financing of infrastructure, while on the face of it is directed towards resource additionality, actually benefits resource utilisation efficiency and qual-ity of infrastructure services a lot more. The traditional "public good" arguments for infrastructure are no longer as valid due to improvements in technology and excludeability. In spite of this, infrastructure projects do involve a large amount of risk. This is a major deterrence to private financing of infrastructure. Hence, a sharper focus on risk assess-ment, risk contracting and risk sharing is essential. The paper on "Return to Equity, Financial Structure, and Risk Contracting in Infrastructure Project" attempts to throw

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