Addressing infrastructure investor risk aversion: Can project delivery resilience ratings help?

Athena Roumboutsos and Aristeidis Pantelias

Utilities Policy, 2021, vol. 71, issue C

Abstract: Risk aversion is a core characteristic of investor decision-making, especially with respect to new asset classes, such as infrastructure. Contracting authorities in need of delivering projects have been keen to address investors' concerns by providing guarantees and other support. This approach has had an impact on projects' economic viability and their effective delivery. This paper proposes the use of Transport Infrastructure Resilience Ratings by investors and other stakeholders to complement existing information of projects’ financial risks resulting in a more holistic understanding of their likely outcomes. This potential is demonstrated through examples of projects in the European transport sector.

Keywords: Public private partnerships; Transport infrastructure finance; Project ratings (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:71:y:2021:i:c:s095717872100059x

DOI: 10.1016/j.jup.2021.101225

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