The financing of infrastructure projects
The demand for infrastructure development and the maintenance of existing infrastructure caused by economic growth and population increase has, in many instances, overtaken the capacity of national governments to provide the necessary finance. As a consequence, it is possible that economic constraint may be caused by the provision of inadequate infrastructure. To greater or lesser extent, this applies to virtually every country in the World, including the United States of America. It is therefore logical that infrastructure previously provided free of charge is now coming under increasing pressure to generate additional revenue through the imposition of user charges in the form of tolls, fees and tariffs.