Krystyna BRZOZOWSKA

University of Szczecin, Poland

Abstract

The rapid rate of changes, being a result of the technical and technological progress, forces us to increase investments in infrastructures, which leads to an increased demand for funding. Even though multilateral banks play a significant role in securing the structure of infrastructure investment funding, there still remains the issue of finding and tailoring some supplementary sources of finance such as public-private partnerships (PPP), private infrastructure funds, special public funds or bonds.

The purpose of this study is to analyse the structure of infrastructure projects financing, applying a global approach. The research study was based on secondary data, using the statistical data published by specialised agencies, periodic newspapers or magazines. The study, being a research contribution characterised by considerable applicability, takes the form of a review of the literature on the subject, the published statistics and own observations of many years’ standing related to the infrastructure projects financing market.

The total value of infrastructure investments all over the world in 2020 amounted to USD 1,426,106 million and it rose by over USD 220 billion in relation to 2019. The study of funding aspects of infrastructure investments in individual geographic areas covered a 4-year period from 2017 to 2020. The actions taken mainly in the form of increased bond issues did not allow for a significant decrease in infrastructure funding or its hindering. In most regions of the world an increased level of infrastructure funding was observed.

Keywords: infrastructure investment, global funding, financial structure, funding sources
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