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08/19/2017  

Infrastructure

Generally, infrastructure is a set of interconnected structural elements that provide the framework supporting an entire structure. Infrastructure refers to network facilities and any basic services which enable productivity in an economy. Hence, infrastructure can be defined as the basic physical assets and systems that support a country or community.

Representative examples of infrastructure facilities are roads and bridges, airports and ports, water resources and wastewater management, solid-waste treatment and disposal, electric power grids and broadcasting facilities.

Infrastructure facilities can be compartmentalized in (core) network infrastructure and any services, operating procedures, management practices and development policies which support the transport and the transmission of physical goods, people and information.

Within the financial industry infrastructure projects called the attention with the modification of the standard model of Public Procurement initiated by concerns about unbalanced budgets and growing public debt. During the 70s and 80s, governments sought to encourage private investments in infrastructure projects. Research in the field of Public Private Partnerships concluded that the participation in infrastructure projects with a single private sector organization taking responsibility with respect to service provision could yield to an improved risk management and advanced efficiency.


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