“Infrastructure” can have a number of definitions and interpretations.
In the context of this Masterclass, ‘infrastructure’ is assumed to mean the underlying framework of assets required to deliver a
public service. Within that interpretation, however, there exist a number of grey areas, in particular with regard to what constitutes a ‘public service’.
In most economies, services such as power, transportation, - rail, road, ports and airports, - water, health, education, and municipal
and governmental administration are seen as essential public services, which the economy and population require for sustaining
economic growth and development.
Historically, governments have had the responsibility both to implement and finance new infrastructure developments, as the
need arose. However, budgetary constraints and political events have often adversely affected the program of investment required
in many countries to keep pace with demand and economic development. Hence, increasingly governments are seeking
alternative sources of capital and ways of executing such investment.
This Masterclass is designed to inform delegates as to: (a) the options available to governments; (b) the underlying financial terms
and conditions underpinning the range of options; and (c) the financial benefits that can accrue to private investors and lenders
from infrastructure projects, highlighting the advantages and disadvantages of the options chosen across the whole spectrum of