How to Get Infrastructure Right

How to Get Infrastructure Right

Published on:

Every country wants to build more bridges, roads and renewable-power grids. This article provides two lessons for countries around the world: First, governments should select projects systematically by creating a single list and picking those with the highest payback. This assessment should factor in externalities, including the impact on carbon emissions, and delays, which are a big source of cost overruns. The second lesson is to harness the private sector. Not only is it a source of capital – global infrastructure funds have over $200bn waiting to be deployed – but projects with private investors also tend to be managed better.

The Economist | How to Get Infrastructure Right