Title

An appraisal framework for evaluating financing approaches for public infrastructure

Document Type

Article

Publication details

Henn, L, Sloan, K, Charles, MB & Douglas, N 2016, 'An appraisal framework for evaluating financing approaches for public infrastructure', Public Money & Management, vol. 36, no. 4, pp. 273-280.

Published version available from:

http://dx.doi.org/10.1080/09540962.2016.1162595

Peer Reviewed

Peer-Reviewed

Abstract

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.