Although public-private partnerships are struggling to find funding, finance is available to projects that can prove their worth, say Michael O’Connor and David Quinlan
While the demand for global infrastructure development continues to rise, the pressure on government public budgets, especially in those countries with ever-increasing fiscal deficits, intensifies. In Europe, countries such as the UK and Ireland are aware of the continued need for significant investment to upgrade or replace ageing infrastructure, but government treasuries are now being squeezed by the political and economic constraints being placed upon their ability to raise taxes and increase debt.
