An appraisal framework for evaluating financing approaches for public infrastructure
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.
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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.