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Infrastructure is vital to a resilient society and infrastructure investment is therefore critical to the vibrant functioning of societies. Infrastructure assets span economic and social spheres, but despite the prime importance of infrastructure investment, national governments simply cannot fund all of society's infrastructure requirements. This book, Infrastructure Procurement and Funding explores the key models of procuring and financing major projects and infrastructure works whilst critically acknowledging the inherent challenges in successfully securing the necessary funding.
The book provides the reader with a detailed review of contemporary methods of financing and procuring infrastructure projects, commencing with an examination of the role of infrastructure in society in creating resilient societies. It reviews public sector funding mechanisms for infrastructure investment and then introduces, before presenting emerging trends in private sector investment in infrastructure. Fundamentally this book identifies robust, innovative, and contemporary solutions to the procurement, financing and investment in major infrastructure projects, globally, nationally and regionally.
The book is ideal reading for international courses in construction procurement, construction project management, infrastructure asset management, real estate investment and finance, but will also be useful for those construction business leaders in public and private sectors who are responsible for making major project and infrastructure financial and investment decisions.
List of contents
1. Introduction: Investment of infrastructure should be at the heart of Government 2. National investment in infrastructure 3. Funding regional infrastructure 4. Infrastructure procurement 5. International infrastructure investment 6. Challenges to infrastructure investment
About the author
Sharon McClements PhD. MRICS SFHEA, PGCHEP, BSc Hons is a chartered quantity surveyor, Senior fellow of the Higher Education Academy and Chair of the RICS Northern Ireland. She lectures at Ulster University in a range of Built Environment programmes and supervisors PhD researchers in areas of infrastructure and BIM. She has presented her research at international conferences and has secured funding grants for her research and consultancy. Sharon won the Herbert Walton Excellence Award, from APM, for her PhD thesis. Sharon is also an Expert Author on the Infrastructure Framework and Risks for RICS.
Summary
Infrastructure Procurement and Funding explores the key models of procuring and financing major projects and infrastructure works whilst critically acknowledging the inherent challenges in successfully securing the necessary funding.
