摘要：This article is the first attempt to compile
comprehensive data on infrastructure finance in
Europe. We decompose infrastructure finance by
institutional sector (i.e. public versus private) into
its main components, which consist of traditional
public procurement, project finance and finance by
the corporate sector, and analyse how the roles of the
public and private sectors in financing infrastructure
have evolved over time, especially during the
recent economic and financial crisis. In contrast
with government finance that is slightly up, private
finance, in particular project finance through Public-
Private Partnerships, has fallen substantially during
the recent crisis, reversing, at least temporarily, the
longer-term trend of more private and less public
financing of infrastructure.
