Optimal financing mix of financially non-viable private-participation investment project with initial subsidy
B Chen, FM Liou, CP Huang - Engineering Economics, 2012 - inzeko.ktu.lt
B Chen, FM Liou, CP Huang
Engineering Economics, 2012•inzeko.ktu.ltGovernments with limited fiscal budgets tend to encourage private sector participation in
building economic and social infrastructure to meet the economic growth or social welfare
through Private-participation (PPI) schemes. However, since large projects may be
financially non-viable despite their net economic benefits for the society, host governments
may choose to subsidize a portion of the initial cost to create financial feasibility for private
participation so as to realize the expected net economic benefits.
building economic and social infrastructure to meet the economic growth or social welfare
through Private-participation (PPI) schemes. However, since large projects may be
financially non-viable despite their net economic benefits for the society, host governments
may choose to subsidize a portion of the initial cost to create financial feasibility for private
participation so as to realize the expected net economic benefits.
Abstract
Governments with limited fiscal budgets tend to encourage private sector participation in building economic and social infrastructure to meet the economic growth or social welfare through Private-participation (PPI) schemes. However, since large projects may be financially non-viable despite their net economic benefits for the society, host governments may choose to subsidize a portion of the initial cost to create financial feasibility for private participation so as to realize the expected net economic benefits.
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