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Prioritizing Infrastructure Investment

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Prioritizing Infrastructure Investment

A Framework for Government Decision Making

World Bank,

5 min read
5 take-aways
Audio & text

What's inside?

With too many infrastructure projects and not enough money, how do you decide which ones to fund?

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Editorial Rating

7

Qualities

  • Innovative
  • Applicable
  • Well Structured

Recommendation

Due to the huge amount of capital required for investments in infrastructure, governments need to prioritize projects. The World Bank’s Darwin Marcelo, Cledan Mandri-Perrott, Schuyler House and Jordan Schwartz offer an “Infrastructure Prioritization Framework” to help guide decisions. While this framework could be useful for cash-strapped governments that can’t engage in a more extensive analysis, it is, the authors admit, just a “stopgap approach”: While it doesn’t provide a conclusive list of projects for implementation, it does offer valuable data and decision criteria. getAbstract suggests this informative report to policy makers and managers interested in new investment evaluation techniques.

Summary

According to one estimate, governments worldwide collectively will need to invest $65 trillion to $70 trillion in infrastructure by 2030 to aid economic growth. However, only about $45 trillion in financing is available. The need is particularly acute in developing economies, where less international funding is available than before. Since the 1990s, project planning has been shifting from the national to the local level. While this has resulted in an outpouring of project ideas, governments don’t have the funding available to pursue all of them. Therefore, they need a framework...

About the Authors

Darwin Marcelo, Cledan Mandri-Perrott, Schuyler House and Jordan Schwartz are infrastructure specialists with the World Bank.

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