JUN
12
2015

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A hidden roadblock in public-infrastructure projects

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 Link : http://www.mckinsey.com/Insights/Corporate_Finance/A_hidden_roadblock_in_public-infrastructure_projects?cid=other-eml-alt-mip-mck-oth-1506

A great article from McKinsey on the, often false, assumption that the public cost of capital is lower than private capital.  Because the costs of public equity (taxes, grants, opprtunity costs, etc.) are not included with the cost of public debt when comparing to private investment, many P3s are not considered.  

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