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New Approaches to Financing Infrastructure in Great Britain

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Rubric: Europe: New Realities
DOI: 10.20542/0131-2227-2012-9-67-74

V. Varnavskii, Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO RAN), 23, Profsoyuznaya Str., Moscow, 117997, Russian Federation (varnavsky@imemo.ru).

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Abstract

The author analyzes the current management and financing system reforming of the state-owned infrastructure or infrastructure under the state control in Great Britain. The article gives an assessment of current state of infrastructure in the country. The reasons for termination of Private Finance Initiative (PFI) are also revealed. The author is trying to prove that Public Private Partnership remains a predominant form of drawing private investments into infrastructure development.


Keywords

financial crisis, infrastructure, investments, Great Britain, government, Public-Private Partnership, Private Finance Initiative, contract, budget, planning, public control


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For citation:
Varnavskii V. New Approaches to Financing Infrastructure in Great Britain. World Eсonomy and International Relations, 2012, No 9, pp. 67-74. https://doi.org/10.20542/0131-2227-2012-9-67-74

Contents World Eсonomy and International Relations. 2012, No 9

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