In recent years, there have been huge interest in the private finance of transport infrastructure as the demand for high quality, high capacity infrastructure remains strong, and the traditional suppliers - central and local governments - experience increasing strain on limited financial resources. This situation is true both for regions experiencing rapid economic change and mature Western economies.
Private finance is seen as providing immediate access both to a large pool of additional funds and private sector management skills but may not necessarily be the solution to the funding of all infrastructure projects.
Edited by by Sheila Farrell, the papers in this volume present a balanced view of these issues and deal with five types of financing arrangements: private concessions, public toll roads, private-public partnerships, the capture of land development benefits and community fund-raising by targeted local taxation and econompass experience from Western and Eastern Europe, South-East Asia and the United States.
