What question did this study set out to answer?

To survey the mechanisms of infrastructure project finance and investment management through the organizing concept of bankability.

August 19, 2026Journal of Economic Surveys

Infrastructure Project Finance and Investment Management: Bankability, Risk Allocation, and Capital Recycling

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Authors

ZMZiming MengEcole des Hautes Etudes Commerciales du Nord

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Implication

Literature review reveals how structured risk allocation and bankability frameworks enable infrastructure financing, highlighting systems that balance public support and institutional investment.

Key Points

To survey the mechanisms of infrastructure project finance and investment management through the organizing concept of bankability.
Synthesized economic and financial frameworks covering special-purpose vehicles, contractual risk allocation, cash-flow controls, and capital recycling.
Mapped structural mechanisms to economic theories of incomplete contracting, public-private risk sharing, and institutional asset management.
Demonstrates that infrastructure finance functions primarily as a risk-allocation architecture across construction, revenue, political, operational, currency, refinancing, and ESG domains rather than a binary public-versus-private choice.
Identifies credit structuring, public backstops, and secondary-market capital recycling as vital tools to transform illiquid, high-risk assets into investable institutional claims.

Cite This Study

Ziming Meng (2026) studied this question.

synapsesocial.com/papers/6a8563fe03308d306e2d7781 https://doi.org/10.1111/joes.70150

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Implication

Literature review reveals how structured risk allocation and bankability frameworks enable infrastructure financing, highlighting systems that balance public support and institutional investment.

Infrastructure Project Finance and Investment Management: Bankability, Risk Allocation, and Capital Recycling

Discussion

Member takes

Implication

Key Points

Cite This Study

Infrastructure Project Finance and Investment Management: Bankability, Risk Allocation, and Capital Recycling

Discussion

Member takes

Implication

Key Points

Cite This Study

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