CPS economic bulletin "Infrastructure Can Be a Bad Investment" featured in The Times, Friday 18 November 2016.
"The government has been urged to consider radical reform of how it commissions and finances infrastructure projects, amid concerns over the spiralling bill for high-speed rail and problems with building new homes and airport capacity.
The Centre for Policy Studies said the authorities must consider issuing “project bonds” that would be sold to private investors to fund specific developments. It believes these would avoid the risk inherent in previous public-private schemes of what are, in effect, blank cheques backed by the taxpayer."
To read the full article, visit The Times website (£).