A critical perspective on the financialisation of infrastructure, PPPs and mega-corridor projects
by Nicholas Hildyard
first published 13 December 2016
Booming investments in large-scale infrastructure projects are central to Germany’s G-20 Presidency, (running from 1 December 2016 to 30 November 2017) with its motto of "Shaping an interconnected world".
Since the 2008 financial and economic crises, European and other governments have promoted mega-projects to boost economic recovery, while at the same time plans to build mega-corridors of infrastructure projects are flourishing all over the world.
The financing of such infrastructure raises a wide set of issues encompassing not only finance per se but also environment, global justice and development.
To create a political space to discuss these issues, the Counter Balance coalition held a symposium on "Inequalities, wealth extraction and 'legal corruption’ in the large infrastructure era”.
This presentation challenges the rush towards mega infrastructure projects.