Super Funds & Impact Investment: Speech
In the aftermath of the GFC, the traditional debt-financed model for infrastructure was hit through substantial increases in the cost of borrowing. In response, governments have been looking to re-orient the financing model of infrastructure and social service delivery and looked for institutional investors, rather than using public finance. So infrastructure policy, and increasingly public service and social policy, is framed around creating projects that will be of interest to investors, meaning that they focus on the areas of provision that are able to generate revenue which in turn ar