Private finance essential to provide stimulus to post-Covid-19 rebuilding

Author:

Jackson Katherine1,Thompson Kerry1

Affiliation:

1. Mott MacDonald, Southampton, UK

Abstract

The Covid-19 pandemic has resulted in Britain’s biggest debt in over 60 years. However, the country also needs to invest over £600 billion in infrastructure to stimulate economic recovery as well as meet its target of net zero greenhouse gas emissions by 2050. While the UK government’s private finance initiative model for procuring public infrastructure has fallen out of favour, private investment can deliver major public benefits if properly managed. This paper highlights both good and bad outcomes of private finance initiatives around the world, and suggests how they can best be used to support the UK government’s long-term aspirations to ‘build back better’ and meet its climate targets. The key is to focus on specific projects and to structure deals to provide quality, value for money and longevity.

Publisher

Thomas Telford Ltd.

Subject

Civil and Structural Engineering

Reference62 articles.

Cited by 3 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

1. Value for money (VFM) in private finance initiative (PFI) implementation in Malaysia;Journal of Accounting & Organizational Change;2023-10-06

2. The impacts on informal financing strategy of small and micro enterprises by interest rate risks and public health emergencies;International Entrepreneurship and Management Journal;2023-06-06

3. Introduction;Proceedings of the Institution of Civil Engineers - Civil Engineering;2022-05

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