The following article is an excerpt from Private Infrastructure Finance and Investment in Europe, a report commissioned by the European Investment Bank. The entire report with footnotes and references is available at https://www.georginderst.com/and the Social Science Research Network page: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2359648.

Private capital is provided in two main forms: corporate finance (operating or service companies operating in infrastructure sectors) and project finance, a contractual financing arrangement that is particularly important in infrastructure.

This article will discuss bonds, project