{"product_id":"infrastructure-finance-isbn-9780470481783","title":"Infrastructure Finance","description":"\u003cp\u003eA comprehensive look at the emergence of infrastructure finance\u003c\/p\u003e \u003cp\u003eJust as infrastructure development acts as a catalyst for economic growth, it is also changing the landscape for potential investors and the burgeoning field of infrastructure finance. Infrastructure systems for transportation, utilities, and public works are essential for economic growth and have quickly developed into an emerging alternative asset class.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eInfrastructure\u003c\/i\u003e \u003ci\u003eFinance\u003c\/i\u003e examines how the activities associated with updating and creating efficient transportation and communications, reliable and affordable energy, clean water, and other essential systems, have become a profitable financial endeavor. Recently, providing, operating, and maintaining infrastructure has advanced as a recognized and important investment sector that reaches beyond earlier business models. \u003ci\u003eInfrastructure\u003c\/i\u003e \u003ci\u003eFinance\u003c\/i\u003e puts this field in perspective and details what you need to know to succeed within it.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eAn informative look at infrastructure finance-an emerging alternative investment for all types of institutional investors\u003c\/li\u003e \u003cli\u003eDissects the central organizational and financial issues behind the revolutions that are occurring in infrastructure management and finance\u003c\/li\u003e \u003cli\u003eContains detailed guidance for navigating the dynamic field of infrastructure finance\u003c\/li\u003e \u003cli\u003eDiscusses infrastructure as arteries of life for a better world\u003c\/li\u003e \u003cli\u003eHighlights infrastructure undergoing transformations to adapt to turbulent environments\u003c\/li\u003e \u003cli\u003eFocuses on Green infrastructure to balance economic and environmental changes\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eAs infrastructure finance continues to grow in importance, you'll need to enhance your understanding of its essential aspects. \u003ci\u003eInfrastructure\u003c\/i\u003e \u003ci\u003eFinance\u003c\/i\u003e will provide you with the insights to achieve this goal.\u003c\/p\u003e \u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1 An Introduction to Infrastructure Finance 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is Infrastructure Business? 1\u003c\/p\u003e \u003cp\u003eInfrastructure Then and Now 3\u003c\/p\u003e \u003cp\u003eA System of Systems 7\u003c\/p\u003e \u003cp\u003eSector Structure and Size 9\u003c\/p\u003e \u003cp\u003eEstimating the Per Capita Cost 11\u003c\/p\u003e \u003cp\u003eNeed for New Approaches 11\u003c\/p\u003e \u003cp\u003eSummary 13\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART ONE Infrastructure Sectors and Investments\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 Models of the Infrastructure Sectors 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eClassification System 19\u003c\/p\u003e \u003cp\u003eInfrastructure and Service Organizations 22\u003c\/p\u003e \u003cp\u003eBusiness Models of Infrastructure Subsectors 24\u003c\/p\u003e \u003cp\u003eHow Infrastructure Systems Serve the Built Environment 26\u003c\/p\u003e \u003cp\u003eMatrix of Owners and Users of Infrastructure Systems 27\u003c\/p\u003e \u003cp\u003eInfrastructure and Services: Structures and Equipment 28\u003c\/p\u003e \u003cp\u003eInfrastructure Support Sector 30\u003c\/p\u003e \u003cp\u003eSummary 33\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 Infrastructure and the Constructed Environment 37\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLand Uses in the Built Environment 37\u003c\/p\u003e \u003cp\u003eGrowth and Change in Urban Areas 39\u003c\/p\u003e \u003cp\u003eFinancial Assets in the Built Environment 45\u003c\/p\u003e \u003cp\u003eHousing Finance as an Engine of Development 47\u003c\/p\u003e \u003cp\u003eCommercial and Central City Development 55\u003c\/p\u003e \u003cp\u003eImpact Fees and the Growth-Pays-Its-Own-Way Philosophy 58\u003c\/p\u003e \u003cp\u003eFuture Cities and Infrastructure 60\u003c\/p\u003e \u003cp\u003eSummary of Issues and Outlook 62\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 Transportation Sector 65\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSector Structure and Size 65\u003c\/p\u003e \u003cp\u003eRoad and Highway Systems 69\u003c\/p\u003e \u003cp\u003eMass Transit Systems 79\u003c\/p\u003e \u003cp\u003eAir Travel and Airports 84\u003c\/p\u003e \u003cp\u003eIntercity Rail Systems 87\u003c\/p\u003e \u003cp\u003eIntercity Bus Transportation 90\u003c\/p\u003e \u003cp\u003eWater-based Transportation 91\u003c\/p\u003e \u003cp\u003ePipelines 92\u003c\/p\u003e \u003cp\u003eSector Issues and Outlook 92\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 Telecommunications Sector 97\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Telecommunications Is an Infrastructure Sector 97\u003c\/p\u003e \u003cp\u003eThen and Now 99\u003c\/p\u003e \u003cp\u003eSector Structure and Size 100\u003c\/p\u003e \u003cp\u003eInternet 102\u003c\/p\u003e \u003cp\u003eTelecommunication Companies 102\u003c\/p\u003e \u003cp\u003eSector Issues and Outlook 104\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6 Energy Sector 109\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSector Structure and Size 109\u003c\/p\u003e \u003cp\u003eEnergy Trends 114\u003c\/p\u003e \u003cp\u003eElectric Power Industry 116\u003c\/p\u003e \u003cp\u003eNatural Gas Industry 119\u003c\/p\u003e \u003cp\u003ePetroleum Industry 121\u003c\/p\u003e \u003cp\u003eCoal Industry 122\u003c\/p\u003e \u003cp\u003eNuclear Power Industry 124\u003c\/p\u003e \u003cp\u003eRenewables 126\u003c\/p\u003e \u003cp\u003eEnergy Storage 127\u003c\/p\u003e \u003cp\u003eHydrogen Energy 129\u003c\/p\u003e \u003cp\u003eSector Issues and Outlook 129\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7 Water and Wastewater Sector 135\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThen and Now 135\u003c\/p\u003e \u003cp\u003eSector Structure and Size 137\u003c\/p\u003e \u003cp\u003eFinancial Framework of the Sector 141\u003c\/p\u003e \u003cp\u003eFinancial Issues 144\u003c\/p\u003e \u003cp\u003eBusiness Profiles 145\u003c\/p\u003e \u003cp\u003eWater Industry Support Businesses 149\u003c\/p\u003e \u003cp\u003ePrivatization in the Water Sector 152\u003c\/p\u003e \u003cp\u003eInvesting in Water as a Commodity 154\u003c\/p\u003e \u003cp\u003eIndustry Policy and Regulation 154\u003c\/p\u003e \u003cp\u003eCoordination in the Water Sector 155\u003c\/p\u003e \u003cp\u003eSector Issues and Outlook 156\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8 Waste Management Sector 161\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSector Structure and Size 161\u003c\/p\u003e \u003cp\u003eCategories of Solid Wastes 162\u003c\/p\u003e \u003cp\u003eRecycling and the Materials Industry 169\u003c\/p\u003e \u003cp\u003eSector Issues and Outlook 170\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 9 Infrastructure and the Construction Industry 173\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThen and Now 173\u003c\/p\u003e \u003cp\u003eThe Construction Industry Today 175\u003c\/p\u003e \u003cp\u003eOrganization of the Industry by Function and Sector 179\u003c\/p\u003e \u003cp\u003eOrganization by Business Lines 180\u003c\/p\u003e \u003cp\u003eProject Delivery and Finance 182\u003c\/p\u003e \u003cp\u003eConstruction Companies 185\u003c\/p\u003e \u003cp\u003eSector Issues and Outlook 191\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 10 Investor and Business Opportunities in Infrastructure 193\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThen and Now 193\u003c\/p\u003e \u003cp\u003eBond Market 195\u003c\/p\u003e \u003cp\u003eStocks of Infrastructure Companies 198\u003c\/p\u003e \u003cp\u003eInfrastructure Funds 206\u003c\/p\u003e \u003cp\u003eInfrastructure Indices 210\u003c\/p\u003e \u003cp\u003eCommodity Markets 212\u003c\/p\u003e \u003cp\u003eMortgage-backed Securities 213\u003c\/p\u003e \u003cp\u003ePrivate Equity and Infrastructure 213\u003c\/p\u003e \u003cp\u003eThe Infrastructure Support Sector 214\u003c\/p\u003e \u003cp\u003eInfrastructure Investment Media 214\u003c\/p\u003e \u003cp\u003eCorruption in the Infrastructure Business 215\u003c\/p\u003e \u003cp\u003eInternational Spending Plans 216\u003c\/p\u003e \u003cp\u003eInvestment Issues and Outlook 216\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART TWO Financing Infrastructure\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 11 A Scorecard for Infrastructure Performance 223\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTracking Infrastructure Performance 223\u003c\/p\u003e \u003cp\u003eWhat Systems to Measure? 225\u003c\/p\u003e \u003cp\u003eWhat Are the Performance Standards? 226\u003c\/p\u003e \u003cp\u003eHow Much Do They Cost? 230\u003c\/p\u003e \u003cp\u003eHow Ready Are They to Perform? 230\u003c\/p\u003e \u003cp\u003eFinancial and Economic Data on Infrastructure 234\u003c\/p\u003e \u003cp\u003eInfrastructure Scorecard 239\u003c\/p\u003e \u003cp\u003eSummary 243\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 12 Financial Models for Infrastructure Organizations 245\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGeneral Management Model 246\u003c\/p\u003e \u003cp\u003eGeneral Financing Model 248\u003c\/p\u003e \u003cp\u003eSector Financing Models 251\u003c\/p\u003e \u003cp\u003eHow Governments Can Improve Infrastructure Performance 255\u003c\/p\u003e \u003cp\u003ePublic-Private Partnerships 260\u003c\/p\u003e \u003cp\u003eRegulation 262\u003c\/p\u003e \u003cp\u003eSummary 262\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 13 Capital Markets for Infrastructure 265\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCapital Requirements of Sectors 265\u003c\/p\u003e \u003cp\u003eCapital Flows of Infrastructure 267\u003c\/p\u003e \u003cp\u003eCapital Structure of Infrastructure Sectors 268\u003c\/p\u003e \u003cp\u003eSources of Capital 271\u003c\/p\u003e \u003cp\u003eInvestment Banking 283\u003c\/p\u003e \u003cp\u003eSummary 284\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 14 Revenues for the Infrastructure Sectors 287\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFlow of Revenues 287\u003c\/p\u003e \u003cp\u003eRate-Setting for Infrastructure-Based Services 289\u003c\/p\u003e \u003cp\u003eRate Regulation 293\u003c\/p\u003e \u003cp\u003eRevenue and Cost of Service Analysis 296\u003c\/p\u003e \u003cp\u003eTax Revenues and Subsidies 297\u003c\/p\u003e \u003cp\u003eInfrastructure Revenue by Sector 299\u003c\/p\u003e \u003cp\u003eSummary 299\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART THREE Toward the Future\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 15 Opportunities and Risks for Infrastructure 303\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInfrastructure as a Policy Sector 303\u003c\/p\u003e \u003cp\u003eInfrastructure Policy Elements 304\u003c\/p\u003e \u003cp\u003eSector Issues 306\u003c\/p\u003e \u003cp\u003eTransformational Issues 307\u003c\/p\u003e \u003cp\u003eAPPENDIX A Data Sources 315\u003c\/p\u003e \u003cp\u003eAPPENDIX B Infrastructure Companies 317\u003c\/p\u003e \u003cp\u003eAPPENDIX C Acronyms 321\u003c\/p\u003e \u003cp\u003eReferences 327\u003c\/p\u003e \u003cp\u003eAbout the Author 341\u003c\/p\u003e \u003cp\u003eIndex 343\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eNEIL S. GRIGG\u003c\/b\u003e is professor of civil and environmental engineering at Colorado State University. He has worked as professor, administrator, and consultant in the fields of infrastructure engineering and management, water resources engineering, urban water systems, and public administration of infrastructure facilities and environmental regulatory programs. Grigg is a registered professional engineer in Colorado, Alabama, and North Carolina. He has served as a consultant for many government organizations, including the United Nations agencies FAO, UNDP, and UNESCO.    \u003c\/p\u003e\u003cp\u003e\u003cb\u003eINFRASTRUCTURE FINANCE\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eWithout basic systems such as transportation, energy, and water, neither the economy nor society can function. And for this reason, infrastructure, no matter how you define it, will always be a large and important business sector. Recently, due to the credit crisis, providing, operating, and maintaining infrastructure has advanced as a recognized and important investment sector that reaches beyond earlier business models for transportation and public utilities. Banks, hedge funds, and other alternative asset investors are now extremely interested in infrastructure investments, and the field is expected to grow beyond $1 trillion in the next few years. \u003ci\u003eInfrastructure Finance\u003c\/i\u003e puts the changes in this burgeoning field into perspective and shows how you can profit from it. \u003c\/p\u003e\u003cp\u003eAuthor Neil Grigg explains how infrastructure is a composite sector and details its sub-sectors, including transportation, telecommunications, energy, water, waste management, and construction. He then identifies direct avenues for investment, such as stocks and bonds, and offers information about infrastructure sector indices, which are proliferating due to the rising popularityof infrastructure as an investment category. In addition, he addresses business opportunities that arise for private equity, startups, and new markets for infrastructure firms. \u003c\/p\u003e\u003cp\u003eThis reliable resource also presents a scorecard ofstatistics for the aggregated infrastructure sector and its parts, introduces an overall financial model for the sector, explains its capital structure, and describes the sources of revenues for its sub-sectors. The final chapter explains current thinking about national policy, including public and private roles in improving infrastructure, while dealing with an ongoing financial crisis. Along the way, the book presents a number of brief profiles of public agencies, private infrastructure companies, and supplier firms. The profiles illustrate how the players participate in the infrastructure arena, whether they are public or private entities, and also reveal how private sector players can work within the government-dominated infrastructure arena. \u003c\/p\u003e\u003cp\u003eDeciding how to meet infrastructure needs drives an ongoing political debate about the allocation of resources and the roles of government, business, and individuals. But while the debates proceed, it remains clear that infrastructure is essential to meet human and environmental needs—and a solid investment in the future.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989424357605,"sku":"NP9780470481783","price":100.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470481783.jpg?v=1761784051","url":"https:\/\/k12savings.com\/products\/infrastructure-finance-isbn-9780470481783","provider":"K12savings","version":"1.0","type":"link"}