Routledge Handbook of Infrastructure Finance

Joshua Yindenaba Abor is a Financial Economist, Professor of Finance, and former Dean of the University of Ghana Business School with expertise in development finance and economics research and is a member of the Monetary Policy Committee of the Bank of Ghana.John Macomber is a Senior Lecturer at Harvard Business School and is a recognized expert in infrastructure finance, sustainable urbanization, and project finance, with extensive experience in advising companies, investors, and governments on infrastructure projects around the world.Thankom Arun is a Professor of Global Development and Accountability at the University of Essex in the UK, a Fellow of the Academy of Social Sciences, UK and has held visiting positions at several institutions, including the Centre for Development Studies in India and the University of Rome, Sapienza.Victor Murinde is the Executive Director of the African Economic Research Consortium (AERC) and held the endowed chair of AXA Professor in Global Finance and is the founding Director of the Centre for Global Finance at SOAS University of London.

• PART 1. Overview of Infrastructure Development 1. Introduction to the Handbook of Infrastructure Financing Joshua Yindenaba Abor, John Macomber, Thankom Arun, and Victor Murinde 2. The Role of Infrastructure in Economic Transformation: A Global Perspective Ayse Demir and Intan Zanariah Zakaria 3. Infrastructure Development Needs: A Global Issue Simeon Coleman, Alhassan Allie Mansaray and Kavita Sirichand 4. Infrastructure Development in North America George SaKyi and John Macomber 5. Infrastructure Development in Europe Irina B. Mateus and Cesario Mateus 6. Infrastructure Development Challenges in Latin America and the Caribbean Hinaunye Eita, Daniel Ofori-Sasu and Charles Amo-Yartey 7. Infrastructure Development in the MENA Region Ismaeel Naiya and Bukhari Sillah 8. Infrastructure Development in Africa: Challenges and Opportunities Baah Aye Kusi, George Nana Agyekum Donkor, and Zeph Nhleko 9. Infrastructure Investment and Development in Asia Lakshmy Subramanian and Joseph G. Nellis 10. Global Infrastructure Investment with Chinese Characteristics Hong Bo and Ruirui Zhu 11. The Infrastructure Puzzle in Sino-African Economic Relationships Victor Murinde, Richard Alexander, and Catherine Tuhirirwe PART 2. Infrastructure Financing Approaches 12. Capital Markets for Infrastructure Projects Simon Wolfe, Daniel Ofori-Sasu, and Christopher J. Green 13. Project Financing of Large Infrastructure Benjamin Agyeman, Sydney O. Vanderpuye, Helen Brume, and Joshua Yindenaba Abor 14. The Role of Private Equity Investments in Infrastructure Projects Richard A. Dwumfour, Elikplimi K. Agbloyor, Lei Pan, and Ali Sheikhbahaei 15. The Role of Pension Funds in Financing Infrastructure Projects Nthabeseng Moleko, Kathryn Assefuah, and Joshua Yindenaba Abor 16. The Role of Development Finance Institutions in Infrastructure Financing Joshua Yindenaba Abor, Oyeyemi Kale, and MacDonald Goanue 17. Securitisation Financing of Infrastructure Projects Paul Gbahabo, Michael Graham, and Paul Kibuuka 18. Islamic Finance for Infrastructure Development: Concepts and Evidence Shehu Usman Rano Aliyu and Abdul-Jalil Ibrahim 19. Infrastructure Finance, Gender, and Peer-to-Peer Microfinance Lending: Does the Tail Wag the Dog? Ronny Manos and Guy Sidon 20. Risk Management and Risk Transfer in Major Infrastructure Projects Xiaoming Ding and Qiong Ji PART 3. Industry Perspectives of Infrastructure Investments 21. Infrastructure Investing in the Energy Sector Amin Karimu, Jabir I. Mohammed, Emmanuel Gbolonyo and Runar Brännlund 22. Financing Housing and Infrastructure Real Estate: A Survey of Global Best Practices Frank Kwakutse Ametefe, Ayub Naburi, Mutale Katyoka, and Kenneth A. Donkor-Hyiaman 23. Financing Urban and Transportation Infrastructure Mercy Marimo, Anthony Kyereboah-Coleman, and Raymond Boumbouya 24. Issues in Airport Infrastructure Financing Joshua Yindenaba Abor, Isaac Kofi Bekoe, and John Macomber 25. Infrastructure Investing in the Telecommunications Sector: Emerging Issues Precious A. Brenni, and Henry Mugisha 26. Investment in Water and Wastewater Infrastructure Abel M. Agoba, Yuqi Kang, and Ruhul A. Salim 27. Health Infrastructure Finance and Investment in Africa Patience Aseweh Abor, Jephthah Owusu Osei, Abbi Kedir, and Kingsley A. Frimpong 28. Financing Educational Infrastructure Ernest Aryeetey, Paul Terna Gbahabo, and Peter Quartey PART 4. Public Policy and Infrastructure Development 29. Transparency in Financing Infrastructure Development Maame Amma F. Fosu, Joseph Kwadwo Asenso and John Macomber 30. Financing Arrangements in Public-Private Partnership Bomikazi Zeka, Thankom Arun, and David Carter 31. Resource Financed Infrastructure: A New Form of Infrastructure Financing Khadijah Iddrisu, Bumi Camara, and Felix Oppong 32. Regulation of Infrastructure Investment and Development Joan Michaels PART 5. Innovations for the Future of Infrastructure Finance 33. Green Infrastructure Financing Joshua Yindenaba Abor, Victor Murinde, and Khadijah Iddrisu 34. Digital Public Infrastructure: Foundations and Futures Carlos Sakyi-Nyarko, Ahmad Hassan Ahmad, Victor Murinde, and Thankom Arun 35. Application of Machine Learning Models in Credit Risk Assessment of Infrastructure Bonds Yossi Shvimer and Avi Herbon

“Infrastructure financing is a cornerstone of poverty reduction and economic growth. This comprehensive handbook, edited by Abor, Macomber, Arun, and Murinde, offers a deep dive into the multifaceted world of infrastructure finance. From development strategies to industry insights, public policy implications, and future innovations, this volume provides a valuable resource for anyone seeking to understand the challenges and opportunities in this critical field. A must-read for policymakers, investors, and academics alike”.Robert LensinkProfessor of Finance and Financial MarketsUniversity of Groningen, Netherlands“Abor, Macomber, Arun and Murinde have effectively mobilised experts to give us lucidly the principles of infrastructure finance, the criticality of infrastructure in socio-economic development, as well as the challenges and opportunities that arise in this sector. This is an important and invaluable handbook for all those who care about infrastructure”Dr. George Kararach, Lead Economist, African Development Bank Group, Cote d’Ivoire and Visiting Professor in Practice, the London School of Economics and Political Science (LSE), UK.This Handbook of Infrastructure Finance, edited by well-established development finance scholars, Abor, Macomber, Arun, and Murinde, brings into the picture one of the missing blocks in the finance literature, infrastructure financing. Infrastructure finance is critical in supporting economic development and sustainable growth in emerging and developing economies. The book not only provides the reader with a good overview of infrastructure financing challenges and experiences throughout the world, where lessons can be learned but also provides us with the best approaches and innovative solutions to tackle infrastructure financing gaps, especially in emerging and developing economies. This is a must-read book for anyone interested in infrastructure finance and development finance.Issouf SoumaréProfessor of FinanceUniversité Laval, Quebec City, Canada & UNIVERSITÉ SOUMARÉ, Ivory Coast