- March 1, 2018: Vol. 11, Number 3

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U.K. infrastructure investment and finance: Public-private partnerships and the PFI model

by Georg Inderst

The following article is the fourth of several excerpts that will appear in i3 from U.K. Infrastructure Investment and Finance from a European and Global Perspective. The report with footnotes and references is available at or the SSRN This study provides an overview of the financing of infrastructure investment in the United Kingdom in a European, global and historical context. The fourth excerpt from the report focuses on public-private partnerships in U.K. infrastructure.

Public-private partnerships have become increasingly relevant for public infrastructure investment, as an alternative to spending by the governments or private-sector infrastructure companies. The United Kingdom and Australia were early adopters of P3s in the 1990s, with P3s accounting for aro

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