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Infrastructure and economics

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1002: 421: 212:(low correlation with ‘traditional’ listed assets such as equity and fixed income investments), thus reducing overall portfolio volatility. Furthermore, in order to facilitate the investment of institutional investors in developing countries' infrastructure markets, it is necessary to design risk-allocation mechanisms more carefully, given the higher risks of developing countries' markets. 506:
at a high level for transportation, water/waste water, electrical, urban zones, parks and other public and private systems. These plans typically analyze policy decisions and impacts of trade offs for alternatives. In addition, planners may lead or assist with environmental review that are commonly
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Pension and sovereign wealth funds are major direct investors in infrastructure. Most pension funds have long-dated liabilities, with matching long-term investments. These large institutional investors need to protect the long-term value of their investments from inflationary debasement of currency
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spending was the "third rationale for the state, behind the provision of defense and justice." Societies enjoy the use of "...highway, waterway, air, and rail systems that have allowed the unparalleled mobility of people and goods. Water-borne diseases are virtually nonexistent because of water and
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Amekudzi, A. A., and S. McNeil. "Infrastructure reporting and asset management: Best practices and opportunities (Transportation & Development Institute (American Society of Civil Engineers). Infrastructure Systems Committee., Trans.)." Reston, Va.: American Society of Civil Engineers (2008).
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companies. Generally, most roads, major ports and airports, water distribution systems and sewage networks are publicly owned, whereas most energy and telecommunications networks are privately owned. Publicly owned infrastructure may be paid for from taxes, tolls, or metered user fees, whereas
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On November 29, 2011, the British government unveiled an unprecedented plan to encourage large-scale pension investments in new roads, hospitals, airports, etc. across the UK. The plan is aimed at enticing 20 billion pounds ($ 30.97 billion) of investment in domestic infrastructure projects.
1164:. The article emphasized the distinction between capital assets or capital stocks and capital flows. The latter is the annual or quarterly change in the capital stock, otherwise known as fixed investment, which is part of Gross Domestic Product (GDP). This article focused on capital stocks. 252:
Some experts have warned against the risk of "infrastructure nationalism", insisting that steady investment flows from foreign pension and sovereign funds were key for the long-term success of the asset class- notably in large European jurisdictions such as France and the UK
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M. Nicolas J. Firzli & Vincent Bazi, “Infrastructure Investments in an Age of Austerity : The Pension and Sovereign Funds Perspective”, published jointly in Revue Analyse Financière, Q4 2011 issue, pp. 34– 37 and USAK/JTW July 30, 2011 (online
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suggests that most UK and European pensions wishing to gain a degree of exposure to infrastructure debt have done so indirectly, through investments made in infrastructure funds managed by specialised Canadian, US and Australian funds.
313:(time, cost, and quality), whereas South Korea successfully delivered its HSR project in terms of product success (meeting owners' and users' needs, particularly in ridership). Additionally, South Korea successfully created a 1106:
Esmaeili, Behzad, et al. "Inclusion of an Introduction to Infrastructure Course in a Civil and Environmental Engineering Curriculum." Journal of Professional Issues in Engineering Education and Practice (2016): 04016020
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Nevertheless, infrastructure yields indirect benefits through the supply chain, land values, small business growth, consumer sales, and social benefits of community development and access to opportunity. The
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may cause noise and wide swathes of rights-of-way through countrysides and urban communities but have helped China, Spain, France, Germany, Japan, and other nations deal with concurrent issues of economic
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Kao, T., Yung-Cheng, L, and Shih, M. (2010). Privatization Versus Public Works for High Speed Rail Projects. Transportation Research Record: Journal of the Transportation Research Board. Issue: 2159. Pp.
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It has been characterized as the mechanism that delivers the "..fundamental needs of society: food, water, energy, shelter, governance ... without infrastructure, societies disintegrate and people die."
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Hart, Steven D., et al. "Infrastructure and the Operational Art:A Handbook for Understanding, Visualizing, and Describing Infrastructure Systems" US Army Engineer Research and Development Center, (2014)
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has always been in debate. Generally, infrastructure plays a critical role in expanding national production capacity, which leads to increase in a country's wealth. In developing nations, expansions in
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Griggs, F. E. (2003). Perspectives in Civil Engineering. 1852-2002: 150 Years in Civil Engineering in the United States. American Society of Civil Engineers. Edited by Jeffrey S. Russell. Pp. 111-122.
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Puentes, R. (2008). A Bridge to Somewhere: Rethinking American Transportation for the 21st Century. Brookings Institution Metropolitan Policy Report: Blueprint for American Prosperity series report.
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Tatom, J. A. (1991). Should government spending on capital goods be raised?. Federal Reserve Bank of St. Louis Review, 73(3), 3-15. Tatom was citing Smith (1937), Book V. part 3, especially p. 682.
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that revolutionised shipment in connected the two oceans in the Western hemisphere; the Interstate Highway System that spawned the mobility of the masses; and still others that include the
479:, and if an industrial or processing plant is required, the structures and foundation work will still be done by civil engineers, but the process equipment and piping may be designed by 878:
have also argued that the existence of modern rail infrastructure is a significant indicator of a country’s economic advancement: this perspective is illustrated notably through the
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of high-speed rail technology from French engineers, essentially creating an industry of HSR manufacturing capable of exporting knowledge, equipment, and parts worldwide.
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Hart, Steven D., J. Ledlie Klosky, and Scott Katalenich. "Conceptual models for infrastructure leadership." Journal of Management in Engineering 30.3 (2013): 04014003.
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that provides tangible advantages such as long duration (facilitating cash flow matching with long-term liabilities), protection against inflation and statistical
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ASCE Critical Infrastructure Guidance Task Committee. "Guiding principles for the nation's critical infrastructure." American Society of Civil Engineers,2009.
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private infrastructure is generally paid for by metered user fees. Major investment projects are generally financed by the issuance of long-term
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In the case of urban infrastructure, the general layout of roads, sidewalks and public places may sometimes be developed at a conceptual level by
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wastewater treatment, distribution, and collection systems. In addition, telecommunications and power systems have enabled our economic growth."
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Larry W. Beeferman, "Pension Fund Investment in Infrastructure: A Resource Paper", Capital Matter (Occasional Paper Series), No.3 December 2008
909: 879: 467:, although the detailed design will still be performed by civil engineers. Depending upon the height of the building, it may be designed by an 241: 1116:
Goldsmith, H. (2015). Actors and innovations in the evolution of infrastructure services. The Economics of Infrastructure Provisioning, 23-94.
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This development happened over a period of several centuries. It represents a number of successes and failures in the past that were termed
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Koh, Jae Myong (2018) Green Infrastructure Financing: Institutional Investors, PPPs and Bankable Projects, Palgrave Macmillan, pp.12-51.
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Luis Flores Ballesteros. "How Lack and Poor Infrastructure Shapes Inequality and Poverty" 54 Pesos Sep. 2010:54 Pesos 9 September 2010
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Determine existing and future traffic loads, determine existing capacity, and estimate the existing and future standards of service
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who can gauge jurisdiction-specific risk parameters, assess a project’s long-term viability, understand transaction risks, conduct
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show marked growth in economic development. However, the relationship does not remain in advanced nations who witness ever lower
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Georg Inderst, "Pension Fund Investment in Infrastructure", OECD Working Papers on Insurance and Private Pensions, No. 32 (2009)
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Keynes, John Maynard (2007) . The General Theory of Employment, Interest and Money. Basingstoke, Hampshire: Palgrave Macmillan.
1451:- Growth and Development-The Civil Engineer's role is to plan, design and implement the built environment in service to society. 1220: 894:
of the 1930s, many governments undertook public works projects in order to create jobs and stimulate the economy. The economist
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and public co-investment in infrastructure projects jointly with private institutional asset owners has gained traction amongst
2445: 55:) is a platform for governance, commerce, and economic growth and is "a lifeline for modern societies". It is the hallmark of 2558: 1877: 1664: 1579: 1378: 1271: 201: 179: 1161:
Kliesen, K. L., & Smith, D. C. (2009). Digging into the infrastructure debate. The Regional Economies, 4-9. Accessed at
2500: 868: 2136: 1444: 840: 383: 1641: 1608: 309:, in two phases. While different implementation strategies, Taiwan successfully delivered the HSR project in terms of 2430: 1528: 1233: 715:
Regularly schedule meetings and obtain contact information for the general contractor (GC) and all interested parties
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have been received from the general contractor, the construction supervisor issues an "Order to begin construction"
440:. Generally road and rail transport networks, as well as water and waste management infrastructure are designed by 140:. In the United States, public spending on infrastructure has varied between 2.3% and 3.6% of GDP since 1950. Many 2455: 2081: 1076: 1036: 921: 550: 344:
that describes how an asset will perform in objective and measurable terms. The SoS includes the definition of a
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A. Eberhard, "Infrastructure Regulation in Developing Countries", PPIAF Working Paper No. 4 (2007) World Bank
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In terms of engineering tasks, the design and construction management process usually follows these steps:
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cite the many transformative projects that have shaped the growth of the United States including the
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to pay for retiree benefits in the short-medium term: from that perspective, think-tanks such as the
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policy makers in recent years notably in the last months of 2014/early 2015: Annual Meetings of the
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Make a final inspection, issue a certificate of final completion, and authorise the final payment.
3071: 3026: 2739: 2580: 2161: 1940: 1703: 1174: 972: 951: 908:, some again proposed investing in infrastructure as a means of stimulating the economy (see the 799: 348:, which is established by considering the consequences of a failure of the infrastructure asset. 2415: 2898: 2722: 2654: 2510: 2384: 2379: 1950: 871:). All these efforts are testimony to the infrastructure and economic development correlation. 449: 407: 282: 156: 1655:
On the grid: a plot of land, an average neighborhood, and the systems that make our world work
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Conduct a preliminary survey and obtain information from existing air photos, maps, and plans
375: 80: 2828: 2544: 2281: 2101: 2055: 2050: 1231: 980: 789: 56: 8: 2903: 2675: 2216: 2121: 2076: 1853: 1086: 1051: 939: 927: 895: 620: 568: 554: 480: 476: 341: 314: 298: 233: 221: 215: 152: 3011: 2948: 2934: 2888: 2818: 2326: 2296: 2236: 2096: 1955: 1782: 1767: 1618: 1295:"SWFI Trend Report: Sovereign Wealth Fund Direct Infrastructure Investments, 2003-2014" 1007: 759: 705: 661: 607: 561: 511:. These activities are usually performed in preparation for preliminary engineering or 411: 310: 3016: 2761: 2374: 2276: 2226: 2040: 1828: 1660: 1653: 1637: 1604: 1575: 1524: 1021: 984: 630: 512: 453: 445: 441: 415: 399: 1347:
Green Infrastructure Financing: Institutional Investors, PPPs and Bankable Projects,
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Green Infrastructure Financing: Institutional Investors, PPPs and Bankable Projects
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required to construct infrastructure. Colloquially this process is referred to as
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M. Nicolas Firzli quoted by Myles Neligan and Sinead Cruise (November 28, 2011).
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When substantially completed, inspect the work and prepare a list of deficiencies
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Obtain authorisation from any owners or operators of assets affected by the work
2883: 2868: 2793: 2766: 2695: 2475: 2435: 2399: 2346: 2271: 2156: 2151: 2020: 2010: 1995: 1726: 1685: 1046: 987: 976: 935: 931: 793: 778: 746: 499: 460: 129: 118: 113: 109: 99: 90:(income-earning assets), whether owned by private companies or the government. 87: 19: 3050: 2983: 2978: 2968: 2929: 2873: 2781: 2776: 2744: 2727: 2594: 2576: 2465: 2394: 2166: 816: 803: 732: 678: 472: 262: 160: 137: 50: 42: 452:, and telecommunications, computing and monitoring networks are designed by 2913: 2863: 2843: 2803: 2705: 2685: 2670: 2649: 2644: 2634: 2490: 2369: 2336: 2311: 2246: 2186: 2146: 2035: 2015: 2000: 1833: 1818: 1690: 1680: 848: 606:
Perform soil sampling and testing to estimate nature, degree and extent of
600: 464: 395: 301:, a public entity, to construct its high-speed rail line, 412 km from 266: 76: 1318: 683:
Answer contractor questions and issue addenda during the tendering process
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Establishment of measurable specifications of how the asset should perform
83:. In the 21st century, this type of development is termed infrastructure. 2838: 2798: 2710: 2286: 2261: 2131: 2106: 2045: 1908: 1797: 860: 832: 526:
Preliminary studies may also be performed and may include steps such as:
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Dig exploratory pits where required to survey underground infrastructure
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Identify possible conflicts with other assets or topographical features
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owned and operated infrastructure may be developed and operated in the
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gave the United States a "D+" on its 2017 infrastructure report card.
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After completing asset management, official conclusions are made. The
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Supranational and public co-investment with institutional asset owners
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Obtain authorisation from environmental and other regulatory agencies
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that connected major cities from the Atlantic to Pacific coast; the
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and the World Bank Group (October 2014) and adoption of the €315 bn
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Infrastructure: the book of everything for the industrial landscape
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Receive and analyse tenders, and make a recommendation to the owner
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Estimate the costs of the various designs, and make recommendations
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is a complex investment category reserved for highly sophisticated
27: 1221:"Money for Public Projects", The New York Times, November 19, 2008 926:
While infrastructure development may initially be damaging to the
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Obtain detailed traffic diversion and emergency plans from the GC
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Next Generation Infrastructures international research programme
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from the GC, and issue construction directives and change orders
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Verify that all operating and maintenance manuals, as well as
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Infrastructure as a new asset class for pension funds and SWFs
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Economic, social and environmental impacts of infrastructure
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Prepare administrative clauses and other tendering documents
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M. Nicolas J. Firzli quoted by Mark Cobley (Feb 20, 2012).
1264:"Infrastructure As A New Asset Class for Pensions and SWFs" 950:
may cause issues to local ecosystems but are incubators to
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The key components of infrastructure asset management are:
1499:"Transportation Infrastructure and Country Attractiveness" 603:
survey to determine the bearing capacity of soils and rock
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in a 35-year concession contract. Conversely, in 2004 the
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European Journal of Transport and Infrastructure Research
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provided a theoretical justification for this policy in
247: 1234:"British Infrastructure Finance Plan No Silver Bullet" 664:, and prepare contingency plans in case of emergencies 1373:"Investors Warn against 'Infrastructure Nationalism'" 1187: 593:
Obtain "as built" drawings of existing infrastructure
997: 934:, particularly in the role transportation plays in 901:
The General Theory of Employment, Interest and Money
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Follow work progress and authorise partial payments
1652: 728:Obtain proof of certification, insurance and bonds 325: 1599:Ascher, Kate; researched by Wendy Marech (2007). 1137: 802:required for economic development and may affect 783: 3048: 196:and market fluctuations, and provide recurrent 142:financial institutions invest in infrastructure 1681:Body of Knowledge on Infrastructure Regulation 1603:(Reprint. ed.). New York: Penguin Press. 1312: 910:American Recovery and Reinvestment Act of 2009 880:Basic Rail Transportation Infrastructure Index 542:Evaluate the impact on the human environment ( 257:Comparison of private versus public investment 242:European Commission Investment Plan for Europe 2552: 1885: 1711: 1321:"Infrastructure Funds Fail to Bridge the Gap" 1188:Cardenas, I.; Voordijk, H; Geert, D. (2018). 958:production may overuse available farmland in 299:Korean High Speed Rail Construction Authority 1623:: CS1 maint: multiple names: authors list ( 1262:WPC Conference Committee (9 February 2012). 798:Investment in infrastructure is part of the 546:, odors, electromagnetic interference, etc.) 494:Planning and Preliminary Engineering Studies 204:have argued that infrastructure is an ideal 86:Infrastructure can be described as tangible 1370: 1100: 885: 104:Infrastructure may be owned and managed by 2559: 2545: 1892: 1878: 1718: 1704: 361:Establishment of a minimum condition grade 175:, and analyze loan performance over time. 1899: 1205: 1027:Engineering economics (civil engineering) 498:In general, infrastructure is planned by 404:Engineering economics (civil engineering) 321:Planning and management of infrastructure 94:Ownership and financing of infrastructure 1119: 1110: 915: 419: 2566: 1691:Report Card on America's Infrastructure 1636:(1st ed.). New York City: Norton. 1257: 1255: 1225: 167:’ agreements, make timely decisions on 3049: 1598: 1496: 722:and list of subcontractors from the GC 539:Perform environmental impact studies: 147: 108:or by private companies, such as sole 2540: 1873: 1699: 1650: 1631: 1497:Firzli, M. Nicolas J. (1 July 2013). 1574:, London: Palgrave Macmillan, 2018. 1533:"The Keynesian Revolution: Contents" 1377:Financial News report on 3rd annual 1252: 1128: 906:global financial crisis of 2008–2009 355:Definition of a standard of service 248:Foreign ownership of 'public assets' 2137:Maintenance, repair, and operations 1445:American Society of Civil Engineers 904:, published in 1936. Following the 841:American Society of Civil Engineers 738:Receive reports from the materials 557:(disturbance of natural ecosystems) 432:Most infrastructure is designed by 384:American Society of Civil Engineers 13: 1725: 962:but have propelled the country to 560:Evaluate the possible presence of 340:is based upon the definition of a 283:Taiwan High Speed Rail Corporation 261:An interesting comparison between 14: 3083: 2441:Controlled-access highway systems 1674: 2501:San Francisco–Oakland Bay Bridge 2322:Sustainable urban infrastructure 1155: 1017:Infrastructure-based development 1000: 869:San Francisco–Oakland Bay Bridge 2456:Hong Kong International Airport 2082:Infrastructure asset management 1564: 1551: 1517: 1490: 1481: 1472: 1454: 1438: 1428: 1404: 1394: 1364: 1352: 1339: 1299:Sovereign Wealth Fund Institute 1287: 1272:2nd Annual World Pensions Forum 1214: 1077:Infrastructure asset management 1037:Infrastructure asset management 922:Environmental impact assessment 338:infrastructure asset management 332:Infrastructure asset management 326:Infrastructure asset management 1181: 1167: 1146: 784:Impact on economic development 389: 370:approach to managing the asset 1: 1207:10.18757/ejtir.2018.18.4.3261 1093: 954:for the surrounding regions. 567:Given various time horizons, 2471:Kansai International Airport 2332:Transit-oriented development 1601:The works: anatomy of a city 1379:World Pensions Council (WPC) 1358:M. Nicolas J. Firzli : 700:has been signed between the 265:versus government-sponsored 202:World Pensions Council (WPC) 180:World Pensions Council (WPC) 7: 2446:Electric power transmission 1057:American School (economics) 993: 771:Prepare "as built" drawings 238:International Monetary Fund 134:public-private partnerships 10: 3088: 2767:Transfer table (traverser) 2526:Transcontinental railroads 2172:Public–private partnership 1371:Mark Cobley (7 Nov 2013). 1067:Public–private partnership 919: 787: 426:Berlin Brandenburg Airport 393: 329: 178:Research conducted by the 97: 17: 3004: 2922: 2817: 2755:ground-level power supply 2663: 2575: 2431:Bus rapid transit systems 2408: 2360: 2205: 2069: 1907: 1811: 1733: 1659:. Emmaus, Penn.: Rodale. 845:Transcontinental Railroad 806:measures of welfare. The 342:Standard of service (SoS) 1503:Revue Analyse Financière 886:Use as economic stimulus 859:, and many bridges (the 691:Construction Supervision 677:Organise and announce a 625:technical specifications 590:of the construction site 136:, in addition to in the 2740:Railway electrification 1941:Critical infrastructure 1412:"Infrastructure | ASCE" 952:clean energy technology 882:(known as BRTI Index) 831:on such infrastructure 509:Infrastructure Planning 346:minimum condition grade 297:government charged the 281:government awarded the 157:institutional investors 2385:Mechanical engineering 2380:Electrical engineering 2087:Build–operate–transfer 1951:Electricity generation 1466:3 October 2011 at the 1345:Koh, Jae Myong (2018) 1062:Build–operate–transfer 876:development economists 857:Trans-Alaskan pipeline 810:of infrastructure and 758:Supervise testing and 745:When required, review 696:Once the construction 429: 408:Electrical engineering 2879:Platform screen doors 2521:Trans-Alaska pipeline 2127:Life-cycle assessment 2102:Engineering contracts 1981:Municipal solid waste 1901:Public infrastructure 1651:Huler, Scott (2010). 1632:Hayes, Brian (2005). 1177:. FrancoAngeli. 2020. 1072:Asset Management Plan 1032:Asset Management Plan 916:Environmental impacts 423: 376:Asset Management Plan 81:internal improvements 79:and even before that 3067:Economic development 2829:Anti-trespass panels 2416:Akashi Kaikyō Bridge 2282:Mobile data terminal 2056:Water supply network 2051:Wastewater treatment 1449:Policy Statement 131 800:capital accumulation 790:Economic development 641:Establish a general 614:Detailed Engineering 569:standards of service 450:electrical engineers 57:economic development 2676:Classification yard 2486:Offshore wind farms 2297:Renewable resources 2217:Air traffic control 2122:Infrastructure bond 1349:Palgrave Macmillan. 1087:Infrastructure bias 1052:Infrastructure debt 964:energy independence 940:Offshore wind power 928:natural environment 896:John Maynard Keynes 874:European and Asian 735:submitted by the GC 635:Prepare a detailed 629:Prepare a detailed 586:Perform a detailed 555:natural environment 481:industrial engineer 477:structural engineer 366:Establishment of a 315:technology transfer 234:European Commission 163:, negotiate (multi) 153:Infrastructure debt 148:Infrastructure debt 2935:Motive power depot 2889:Signalling control 2327:Traffic congestion 2237:Congestion pricing 2041:Telecommunications 1956:Energy development 1008:Engineering portal 718:Obtain a detailed 706:general contractor 662:emergency services 608:soil contamination 562:contaminated soils 430: 428:under construction 412:Project management 373:Elaboration of an 311:project management 273:(HSR) projects in 3057:Civil engineering 3044: 3043: 2762:Railway turntable 2583: 2534: 2533: 2451:High-speed trains 2375:Civil engineering 2277:Land-use planning 2227:Bus rapid transit 1867: 1866: 1829:Civil engineering 1666:978-1-60529-647-0 1580:978-3-319-71769-2 1022:Rural development 985:built environment 631:bill of materials 619:Prepare detailed 513:conceptual design 454:systems engineers 416:Systems engineers 400:Civil Engineering 244:(December 2014). 3079: 2939:Railway workshop 2655:Transition curve 2625:Fastening system 2579: 2561: 2554: 2547: 2538: 2537: 2516:Three Gorges Dam 2496:Port of Shanghai 2390:Public economics 2242:Containerization 2232:Carbon footprint 2142:Natural monopoly 2011:Public utilities 2006:Public transport 1894: 1887: 1880: 1871: 1870: 1720: 1713: 1706: 1697: 1696: 1670: 1658: 1647: 1628: 1622: 1614: 1570:Koh, Jae Myong, 1558: 1555: 1549: 1547: 1545: 1544: 1535:. Archived from 1521: 1515: 1514: 1512: 1510: 1494: 1488: 1485: 1479: 1476: 1470: 1458: 1452: 1442: 1436: 1432: 1426: 1425: 1423: 1422: 1408: 1402: 1398: 1392: 1391: 1389: 1387: 1368: 1362: 1356: 1350: 1343: 1337: 1336: 1334: 1332: 1316: 1310: 1309: 1307: 1305: 1291: 1285: 1284: 1282: 1280: 1268: 1259: 1250: 1249: 1247: 1245: 1229: 1223: 1218: 1212: 1211: 1209: 1185: 1179: 1178: 1171: 1165: 1159: 1153: 1150: 1144: 1141: 1135: 1132: 1126: 1123: 1117: 1114: 1108: 1104: 1082:Natural monopoly 1010: 1005: 1004: 892:Great Depression 679:call for tenders 485:process engineer 3087: 3086: 3082: 3081: 3080: 3078: 3077: 3076: 3047: 3046: 3045: 3040: 3000: 2918: 2894:Structure gauge 2849:Defect detector 2821: 2813: 2659: 2615:Clip and scotch 2605:Breather switch 2571: 2565: 2535: 2530: 2426:Brooklyn Bridge 2404: 2362: 2356: 2342:Waste-to-energy 2302:Reverse osmosis 2272:Hybrid vehicles 2267:High-speed rail 2252:Fuel efficiency 2222:Brownfield land 2209: 2207: 2201: 2117:Government debt 2065: 1961:Hazardous waste 1913: 1911: 1903: 1898: 1868: 1863: 1807: 1729: 1724: 1677: 1667: 1644: 1616: 1615: 1611: 1567: 1562: 1561: 1556: 1552: 1542: 1540: 1531: 1522: 1518: 1508: 1506: 1495: 1491: 1486: 1482: 1477: 1473: 1468:Wayback Machine 1459: 1455: 1443: 1439: 1433: 1429: 1420: 1418: 1410: 1409: 1405: 1399: 1395: 1385: 1383: 1369: 1365: 1357: 1353: 1344: 1340: 1330: 1328: 1317: 1313: 1303: 1301: 1293: 1292: 1288: 1278: 1276: 1266: 1260: 1253: 1243: 1241: 1230: 1226: 1219: 1215: 1186: 1182: 1173: 1172: 1168: 1160: 1156: 1151: 1147: 1142: 1138: 1133: 1129: 1124: 1120: 1115: 1111: 1105: 1101: 1096: 1091: 1042:Project finance 1006: 999: 996: 973:competitiveness 968:High-speed rail 924: 918: 888: 829:rates of return 812:economic growth 796: 788:Main articles: 786: 781: 747:Change requests 740:quality control 581:Detailed Survey 544:noise pollution 517:civil engineers 515:that is led by 504:civil engineers 446:power engineers 442:civil engineers 434:civil engineers 418: 394:Main articles: 392: 368:whole-life cost 334: 328: 323: 277:. In 1998, the 271:high-speed rail 259: 250: 218: 210:diversification 193: 150: 102: 96: 39:(also known as 34: 18:Main articles: 12: 11: 5: 3085: 3075: 3074: 3072:Infrastructure 3069: 3064: 3059: 3042: 3041: 3039: 3038: 3037: 3036: 3035: 3034: 3019: 3014: 3008: 3006: 3002: 3001: 2999: 2998: 2993: 2992: 2991: 2986: 2981: 2976: 2966: 2965: 2964: 2959: 2951: 2946: 2941: 2932: 2926: 2924: 2920: 2919: 2917: 2916: 2911: 2906: 2901: 2896: 2891: 2886: 2884:Railway signal 2881: 2876: 2871: 2869:Level crossing 2866: 2861: 2856: 2851: 2846: 2841: 2836: 2831: 2825: 2823: 2815: 2814: 2812: 2811: 2806: 2801: 2796: 2794:Track geometry 2791: 2786: 2785: 2784: 2774: 2769: 2764: 2759: 2758: 2757: 2752: 2747: 2745:overhead lines 2737: 2732: 2731: 2730: 2720: 2719: 2718: 2708: 2703: 2698: 2696:Gauntlet track 2693: 2688: 2683: 2678: 2673: 2667: 2665: 2661: 2660: 2658: 2657: 2652: 2647: 2642: 2640:Minimum radius 2637: 2632: 2627: 2622: 2617: 2612: 2607: 2602: 2597: 2592: 2586: 2584: 2573: 2572: 2569:infrastructure 2564: 2563: 2556: 2549: 2541: 2532: 2531: 2529: 2528: 2523: 2518: 2513: 2508: 2503: 2498: 2493: 2488: 2483: 2478: 2476:Millau Viaduct 2473: 2468: 2463: 2458: 2453: 2448: 2443: 2438: 2436:Channel Tunnel 2433: 2428: 2423: 2418: 2412: 2410: 2406: 2405: 2403: 2402: 2400:Urban planning 2397: 2392: 2387: 2382: 2377: 2372: 2366: 2364: 2358: 2357: 2355: 2354: 2349: 2347:Weatherization 2344: 2339: 2334: 2329: 2324: 2319: 2314: 2309: 2304: 2299: 2294: 2289: 2284: 2279: 2274: 2269: 2264: 2259: 2254: 2249: 2244: 2239: 2234: 2229: 2224: 2219: 2213: 2211: 2203: 2202: 2200: 2199: 2194: 2189: 2184: 2179: 2174: 2169: 2164: 2159: 2157:Public finance 2154: 2152:Public capital 2149: 2144: 2139: 2134: 2129: 2124: 2119: 2114: 2109: 2104: 2099: 2094: 2089: 2084: 2079: 2073: 2071: 2067: 2066: 2064: 2063: 2058: 2053: 2048: 2043: 2038: 2033: 2028: 2023: 2021:Rail transport 2018: 2013: 2008: 2003: 1998: 1996:Public housing 1993: 1988: 1983: 1978: 1973: 1968: 1963: 1958: 1953: 1948: 1943: 1938: 1933: 1928: 1923: 1917: 1915: 1905: 1904: 1897: 1896: 1889: 1882: 1874: 1865: 1864: 1862: 1861: 1856: 1851: 1846: 1841: 1836: 1831: 1826: 1821: 1812: 1809: 1808: 1806: 1805: 1800: 1795: 1790: 1785: 1780: 1775: 1770: 1765: 1760: 1755: 1750: 1745: 1740: 1734: 1731: 1730: 1727:Infrastructure 1723: 1722: 1715: 1708: 1700: 1694: 1693: 1688: 1683: 1676: 1675:External links 1673: 1672: 1671: 1665: 1648: 1643:978-0393329599 1642: 1629: 1610:978-0143112709 1609: 1596: 1593: 1589: 1586: 1583: 1566: 1563: 1560: 1559: 1550: 1516: 1489: 1480: 1471: 1453: 1437: 1427: 1403: 1393: 1363: 1351: 1338: 1325:Financial News 1311: 1286: 1251: 1224: 1213: 1180: 1166: 1154: 1145: 1136: 1127: 1118: 1109: 1098: 1097: 1095: 1092: 1090: 1089: 1084: 1079: 1074: 1069: 1064: 1059: 1054: 1049: 1047:Public capital 1044: 1039: 1034: 1029: 1024: 1019: 1013: 1012: 1011: 995: 992: 988:sustainability 977:climate change 936:modern society 932:sustainability 920:Main article: 917: 914: 887: 884: 817:electric grids 794:Public capital 785: 782: 780: 777: 776: 775: 772: 769: 768:, are complete 762: 756: 753: 750: 743: 736: 729: 726: 723: 716: 713: 693: 692: 688: 687: 684: 681: 675: 671: 670: 666: 665: 658: 655: 651: 650: 646: 645: 639: 633: 627: 616: 615: 611: 610: 604: 597: 594: 591: 583: 582: 578: 577: 576: 575: 572: 565: 558: 547: 537: 534: 531: 500:urban planners 496: 495: 473:tall buildings 461:urban planners 391: 388: 380: 379: 371: 364: 363: 362: 359: 336:The method of 330:Main article: 327: 324: 322: 319: 258: 255: 249: 246: 220:The notion of 217: 214: 192: 189: 149: 146: 130:private sector 110:public utility 100:Public capital 98:Main article: 95: 92: 88:capital assets 37:Infrastructure 20:Infrastructure 9: 6: 4: 3: 2: 3084: 3073: 3070: 3068: 3065: 3063: 3060: 3058: 3055: 3054: 3052: 3033: 3030: 3029: 3028: 3025: 3024: 3023: 3020: 3018: 3015: 3013: 3010: 3009: 3007: 3003: 2997: 2994: 2990: 2987: 2985: 2982: 2980: 2977: 2975: 2972: 2971: 2970: 2967: 2963: 2960: 2958: 2955: 2954: 2952: 2950: 2947: 2945: 2942: 2940: 2936: 2933: 2931: 2930:Coaling tower 2928: 2927: 2925: 2921: 2915: 2912: 2910: 2907: 2905: 2902: 2900: 2899:Signal bridge 2897: 2895: 2892: 2890: 2887: 2885: 2882: 2880: 2877: 2875: 2874:Loading gauge 2872: 2870: 2867: 2865: 2862: 2860: 2857: 2855: 2852: 2850: 2847: 2845: 2842: 2840: 2837: 2835: 2832: 2830: 2827: 2826: 2824: 2820: 2816: 2810: 2807: 2805: 2802: 2800: 2797: 2795: 2792: 2790: 2787: 2783: 2782:refuge siding 2780: 2779: 2778: 2775: 2773: 2770: 2768: 2765: 2763: 2760: 2756: 2753: 2751: 2748: 2746: 2743: 2742: 2741: 2738: 2736: 2733: 2729: 2728:tramway track 2726: 2725: 2724: 2721: 2717: 2714: 2713: 2712: 2709: 2707: 2704: 2702: 2699: 2697: 2694: 2692: 2689: 2687: 2684: 2682: 2679: 2677: 2674: 2672: 2669: 2668: 2666: 2662: 2656: 2653: 2651: 2648: 2646: 2643: 2641: 2638: 2636: 2633: 2631: 2628: 2626: 2623: 2621: 2618: 2616: 2613: 2611: 2608: 2606: 2603: 2601: 2598: 2596: 2593: 2591: 2588: 2587: 2585: 2582: 2578: 2574: 2570: 2562: 2557: 2555: 2550: 2548: 2543: 2542: 2539: 2527: 2524: 2522: 2519: 2517: 2514: 2512: 2509: 2507: 2504: 2502: 2499: 2497: 2494: 2492: 2489: 2487: 2484: 2482: 2481:Nuclear power 2479: 2477: 2474: 2472: 2469: 2467: 2466:Humber Bridge 2464: 2462: 2459: 2457: 2454: 2452: 2449: 2447: 2444: 2442: 2439: 2437: 2434: 2432: 2429: 2427: 2424: 2422: 2419: 2417: 2414: 2413: 2411: 2407: 2401: 2398: 2396: 2395:Public policy 2393: 2391: 2388: 2386: 2383: 2381: 2378: 2376: 2373: 2371: 2368: 2367: 2365: 2359: 2353: 2350: 2348: 2345: 2343: 2340: 2338: 2335: 2333: 2330: 2328: 2325: 2323: 2320: 2318: 2315: 2313: 2310: 2308: 2305: 2303: 2300: 2298: 2295: 2293: 2290: 2288: 2285: 2283: 2280: 2278: 2275: 2273: 2270: 2268: 2265: 2263: 2260: 2258: 2255: 2253: 2250: 2248: 2245: 2243: 2240: 2238: 2235: 2233: 2230: 2228: 2225: 2223: 2220: 2218: 2215: 2214: 2212: 2204: 2198: 2195: 2193: 2190: 2188: 2185: 2183: 2180: 2178: 2175: 2173: 2170: 2168: 2167:Public sector 2165: 2163: 2160: 2158: 2155: 2153: 2150: 2148: 2145: 2143: 2140: 2138: 2135: 2133: 2130: 2128: 2125: 2123: 2120: 2118: 2115: 2113: 2110: 2108: 2105: 2103: 2100: 2098: 2095: 2093: 2090: 2088: 2085: 2083: 2080: 2078: 2077:Appropriation 2075: 2074: 2072: 2068: 2062: 2059: 2057: 2054: 2052: 2049: 2047: 2044: 2042: 2039: 2037: 2036:State schools 2034: 2032: 2029: 2027: 2024: 2022: 2019: 2017: 2014: 2012: 2009: 2007: 2004: 2002: 2001:Public spaces 1999: 1997: 1994: 1992: 1989: 1987: 1984: 1982: 1979: 1977: 1974: 1972: 1969: 1967: 1964: 1962: 1959: 1957: 1954: 1952: 1949: 1947: 1944: 1942: 1939: 1937: 1934: 1932: 1929: 1927: 1924: 1922: 1919: 1918: 1916: 1910: 1906: 1902: 1895: 1890: 1888: 1883: 1881: 1876: 1875: 1872: 1860: 1857: 1855: 1852: 1850: 1847: 1845: 1842: 1840: 1837: 1835: 1832: 1830: 1827: 1825: 1822: 1820: 1817: 1814: 1813: 1810: 1804: 1801: 1799: 1796: 1794: 1791: 1789: 1786: 1784: 1781: 1779: 1776: 1774: 1771: 1769: 1766: 1764: 1761: 1759: 1756: 1754: 1751: 1749: 1746: 1744: 1741: 1739: 1736: 1735: 1732: 1728: 1721: 1716: 1714: 1709: 1707: 1702: 1701: 1698: 1692: 1689: 1687: 1684: 1682: 1679: 1678: 1668: 1662: 1657: 1656: 1649: 1645: 1639: 1635: 1630: 1626: 1620: 1612: 1606: 1602: 1597: 1594: 1590: 1587: 1584: 1581: 1577: 1573: 1569: 1568: 1554: 1539:on 2009-03-16 1538: 1534: 1530: 1529:0-230-00476-8 1526: 1520: 1504: 1500: 1493: 1484: 1475: 1469: 1465: 1462: 1457: 1450: 1446: 1441: 1431: 1417: 1413: 1407: 1397: 1382: 1380: 1374: 1367: 1361: 1355: 1348: 1342: 1326: 1322: 1315: 1300: 1296: 1290: 1275: 1273: 1265: 1258: 1256: 1239: 1235: 1228: 1222: 1217: 1208: 1203: 1199: 1195: 1191: 1184: 1176: 1170: 1163: 1158: 1149: 1140: 1131: 1122: 1113: 1103: 1099: 1088: 1085: 1083: 1080: 1078: 1075: 1073: 1070: 1068: 1065: 1063: 1060: 1058: 1055: 1053: 1050: 1048: 1045: 1043: 1040: 1038: 1035: 1033: 1030: 1028: 1025: 1023: 1020: 1018: 1015: 1014: 1009: 1003: 998: 991: 989: 986: 982: 978: 974: 969: 965: 961: 957: 953: 949: 945: 941: 937: 933: 929: 923: 913: 911: 907: 903: 902: 897: 893: 883: 881: 877: 872: 870: 866: 862: 858: 854: 850: 846: 842: 836: 834: 830: 826: 822: 818: 813: 809: 805: 804:socioeconomic 801: 795: 791: 773: 770: 767: 763: 761: 760:commissioning 757: 754: 751: 748: 744: 741: 737: 734: 733:shop drawings 730: 727: 724: 721: 720:work schedule 717: 714: 711: 707: 703: 699: 695: 694: 690: 689: 685: 682: 680: 676: 673: 672: 668: 667: 663: 659: 656: 653: 652: 649:Authorisation 648: 647: 644: 643:work schedule 640: 638: 637:cost estimate 634: 632: 628: 626: 622: 618: 617: 613: 612: 609: 605: 602: 598: 595: 592: 589: 585: 584: 580: 579: 573: 570: 566: 563: 559: 556: 552: 549:Evaluate the 548: 545: 541: 540: 538: 535: 532: 529: 528: 527: 524: 522: 518: 514: 510: 505: 501: 493: 492: 491: 488: 486: 482: 478: 474: 470: 466: 462: 457: 455: 451: 447: 443: 439: 435: 427: 422: 417: 413: 409: 405: 401: 397: 387: 385: 378: 377: 372: 369: 365: 360: 357: 356: 354: 353: 352: 349: 347: 343: 339: 333: 318: 316: 312: 308: 304: 300: 296: 292: 288: 284: 280: 276: 272: 268: 264: 263:privatisation 254: 245: 243: 239: 235: 231: 227: 223: 222:supranational 213: 211: 207: 203: 199: 188: 184: 181: 176: 174: 170: 166: 162: 161:due diligence 158: 154: 145: 143: 139: 138:public sector 135: 131: 127: 122: 120: 115: 111: 107: 101: 91: 89: 85: 82: 78: 73: 70: 66: 60: 58: 54: 52: 51:fixed capital 46: 44: 43:capital goods 38: 33: 29: 25: 21: 16: 3062:Construction 2914:Wayside horn 2864:Interlocking 2844:Catch points 2804:Water trough 2706:Passing loop 2686:Pocket track 2671:Balloon loop 2635:Ladder track 2491:Panama Canal 2370:Architecture 2337:Urban sprawl 2312:Smart growth 2247:Ethanol fuel 2187:Supply chain 2147:Property tax 2092:Design–build 2016:Public works 1834:Construction 1819:Architecture 1815: 1654: 1633: 1600: 1571: 1565:Bibliography 1553: 1541:. Retrieved 1537:the original 1519: 1507:. Retrieved 1502: 1492: 1483: 1474: 1456: 1440: 1430: 1419:. Retrieved 1416:www.asce.org 1415: 1406: 1396: 1384:. Retrieved 1376: 1366: 1354: 1346: 1341: 1329:. Retrieved 1324: 1314: 1302:. Retrieved 1298: 1289: 1277:. Retrieved 1270: 1242:. Retrieved 1237: 1227: 1216: 1197: 1193: 1183: 1169: 1157: 1148: 1139: 1130: 1121: 1112: 1102: 925: 899: 889: 873: 849:Panama Canal 837: 797: 601:geotechnical 525: 497: 489: 458: 431: 396:Architecture 381: 374: 350: 337: 335: 295:South Korean 267:public works 260: 251: 219: 194: 185: 177: 151: 123: 103: 84: 77:public works 74: 67:argued that 61: 48: 40: 36: 35: 15: 2839:Buffer stop 2799:Water crane 2711:Track gauge 2650:Tie/Sleeper 2511:Solar power 2287:Pork barrel 2262:Groundwater 2162:Public good 2132:Lindahl tax 2107:Externality 2046:Town square 1976:Lighthouses 1798:Storm drain 1768:Interchange 1304:25 February 1244:28 November 890:During the 861:Golden Gate 833:investments 390:Engineering 206:asset class 106:governments 69:fixed asset 3051:Categories 3012:Industrial 2996:Water stop 2957:for trains 2949:Roundhouse 2923:Structures 2909:Train stop 2859:Guard rail 2834:Block post 2822:and safety 2819:Signalling 2750:third rail 2723:Rail track 2716:dual gauge 2600:Baulk road 2506:Suez Canal 2461:Hoover Dam 2317:Stormwater 2307:Smart grid 2177:Renovation 2112:Fixed cost 2061:Wind power 1914:facilities 1859:Urban park 1839:Playground 1763:Footbridge 1543:2015-03-21 1421:2017-11-28 1094:References 981:energy use 853:Hoover Dam 766:warranties 710:submittals 599:Perform a 521:architects 465:architects 438:architects 230:World Bank 198:cash flows 126:government 65:Adam Smith 2962:for goods 2904:Tell-tale 2735:Rail yard 2701:Guide bar 2681:Headshunt 2664:Trackwork 2630:Fishplate 2620:Date nail 2581:(history) 2292:Recycling 2182:Spillover 1966:Hospitals 1931:Broadband 1816:See also: 1619:cite book 1279:17 August 808:causality 669:Tendering 469:architect 291:Kaohsiung 275:East Asia 269:involves 165:creditors 24:Economics 3017:Military 2974:building 2944:Platform 2854:Derailer 2772:Roll way 2691:Junction 2590:Axe ties 2421:Autobahn 2409:Examples 2363:of study 2352:Wireless 2257:Fuel tax 2192:Taxation 2070:Concepts 1921:Airports 1783:Pipeline 1778:Overpass 1758:Drainage 1748:Causeway 1592:edition) 1509:26 April 1464:Archived 1447:(ASCE), 1331:14 March 994:See also 865:Brooklyn 825:railways 821:roadways 731:Examine 704:and the 698:contract 169:consents 28:Business 3027:station 3022:Private 2969:Station 2645:Profile 2595:Ballast 2197:Upgrade 2097:Earmark 1926:Bridges 1854:Theatre 1849:Stadium 1505:. Paris 1386:Dec 12, 1238:Reuters 956:Ethanol 948:Denmark 944:England 660:Inform 553:on the 471:or for 173:waivers 124:Hence, 114:railway 32:Finance 2789:Switch 2777:Siding 2577:Tracks 2361:Fields 2206:Issues 2031:Sewage 1971:Levees 1936:Canals 1909:Assets 1844:Public 1803:Tunnel 1793:Skyway 1738:Bridge 1663:  1640:  1607:  1578:  1527:  1435:page 2 1401:18-26. 983:, and 960:Brazil 867:, and 823:, and 588:survey 551:impact 414:, and 287:Taipei 279:Taiwan 132:or in 30:, and 3005:Types 2984:ghost 2979:clock 2953:Shed 2567:Rail 2210:ideas 2026:Roads 1991:Ports 1986:Parks 1824:Arena 1773:Levee 1743:Canal 1381:forum 1267:(PDF) 1200:(4). 702:owner 621:plans 483:or a 307:Busan 303:Seoul 119:bonds 47:, or 3032:list 2989:list 2610:Cant 1946:Dams 1788:Road 1661:ISBN 1638:ISBN 1625:link 1605:ISBN 1576:ISBN 1525:ISBN 1511:2014 1388:2013 1333:2012 1306:2015 1281:2017 1246:2011 946:and 792:and 623:and 448:and 424:The 232:and 171:and 2809:Wye 2208:and 1912:and 1753:Dam 1202:doi 942:in 912:). 742:lab 519:or 502:or 475:,a 463:or 436:or 305:to 289:to 226:IMF 112:or 59:. 3053:: 1621:}} 1617:{{ 1501:. 1414:. 1375:. 1327:. 1323:. 1297:. 1269:. 1254:^ 1240:. 1236:. 1198:18 1196:. 1192:. 990:. 979:, 975:, 966:. 938:. 863:, 855:, 835:. 819:, 523:. 487:. 456:. 410:, 406:, 402:, 398:, 228:, 144:. 121:. 26:, 22:, 2937:/ 2560:e 2553:t 2546:v 1893:e 1886:t 1879:v 1719:e 1712:t 1705:v 1669:. 1646:. 1627:) 1613:. 1582:. 1548:. 1546:. 1513:. 1424:. 1390:. 1335:. 1308:. 1283:. 1248:. 1210:. 1204:: 564:; 53:" 49:" 45:" 41:"

Index

Infrastructure
Economics
Business
Finance
capital goods
fixed capital
economic development
Adam Smith
fixed asset
public works
internal improvements
capital assets
Public capital
governments
public utility
railway
bonds
government
private sector
public-private partnerships
public sector
financial institutions invest in infrastructure
Infrastructure debt
institutional investors
due diligence
creditors
consents
waivers
World Pensions Council (WPC)
cash flows

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