Infrastructure Finance

1.5 Credits · Level: Graduate

The U.S. municipal capital market is unique among those in the world. There is currently over $3.7 trillion dollars of municipal debt issued in the United States. Every year, state, city and local governments bring to market billions of dollars in new issues to fund all manner of infrastructure be it roads, bridges, airports, sports stadiums, hospitals, public housing, educational facilities, mass transit systems, water and sewer systems and not for profit institutions. The critical infrastructure that we use every day and take for granted supports the fabric of modern life both in the United States as well as abroad. Infrastructure has played a critical role in the economic development of the United States, its states and municipalities. The purpose of this course is to provide an in-depth understanding of infrastructure finance both in terms of how it functions and how infrastructure is both conceived and financed worldwide. This course will provide foundational knowledge of the design, procurement, development and financing of the major infrastructural types prevalent in global settings. A theme that will be emphasized throughout the course is the connection between infrastructure and its broader impact toward achieving sustainability goals.