2018•Oxford University Press eBooksRequires access
Infrastructure Investment in Europe
Philipp-Bastian Brutscher, Debora Revoltella
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Abstract
Using new estimates of infrastructure investment in Europe, this chapter documents a sharp fall in infrastructure investment activities in recent years, with government investment and investments targeted at transport infrastructure being most affected. The chapter discusses a broad range of reasons for the poor investment performance, including budget consolidation efforts—in particular, at the sub-sovereign level—low commercial returns to investment and, in certain market segments, access to finance constraints. The chapter concludes with a description of the role of the European Investment Bank in stimulating more infrastructure investment through its financing activities, its technical advisory assistance, and its input to regulatory and structural reform in Europe.