The Valuation of Public Projects: Risks, Cost of Financing and Cost of Capital (C.D. Howe Institute)

September 30, 2013 - The authors identify the implications for the evaluation of public investments and relevant public policies such as direct subsidies to businesses, government endorsements of corporate borrowings, the comparison of public sector versus private sector delivery of public projects and holding a portfolio of risky investments dedicated to the future repayment of the debt. It goes without saying that other evaluations of government policies and interventions could be similarly challenged.

The Valuation of Public Projects: Risks, Cost of Financing and Cost of Capital (C.D. Howe Institute)