The Finance Of Infrastructure Symposium

Friday, May 17, 2019
Hoover Institution, Stanford University
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istock
BACKGROUND 

It is widely understood that there is an infrastructure "gap" between planned and desired infrastructure; but actual investment in infrastructure is rife with challenges. This one-day symposium will aim to understand and discuss the obstacles that exist to the financing of infrastructure, and to discuss policy conclusions given these obstacles.

The symposium will address some of the following queries.

  1. Is infrastructure really an asset class that can satisfy the promise of delivering a desirable risk/return profile for pension funds and other investors?
  2. Is it possible to organize infrastructure investments to place them on an optimized financial frontier for private Investors?
  3. How can infrastructure projects and investment vehicles be structured to minimize the agency and governance problems?

A full synopsis of the event is available along with news coverage here.

AFTERNOON SESSION RSVP»

ORGANIZERS

Roman Kräussl, Hoover Institution
Joshua Rauh, Hoover Institution

May 17, 2019
Morning Session

Time Content Presenters/panelists

7:30 AM

Continental Breakfast

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8:00 - 8:10 am

Opening Remarks

Roman Kräussl, University of Luxembourg

8:10 - 8:50 am

Infrastructure as an Asset Class: An Overview

Barbara Weber, B Capital Partners AG

8:50 - 9:30 Am

The Subsidy to Infrastructure as an Asset Class

Joshua Rauh, Stanford University

9:30 - 10:10 Am

Investing Outside the Box: Evidence from Alternative Vehicles in Private Capital

Josh Lerner, Harvard Business School

10:10 - 10:30 Am

Break

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10:30 - 11:10 AM

Financing PPP Projects with PVR Contracts: Theory and Evidence from the UK and Chile

Eduardo Engel, University of Chile

11:10 - 11:50 aM

Do Public-Private Partnership Enabling Laws Increase Private Investment in Transportation Infrastructure

Richard Geddes, Cornell University

11:50 AM - 12:30 PM

Take the Q Train: Value Capture of Public Infrastructure Projects

Arpit Gupta, New York University

12:30 PM

Lunch

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Afternoon Session

Time Content Presenters/panelists

1:45 - 2:45 PM

Policy Keynote: The Role of Internatioanl Financial Institutions in Supporting Infrastructure

Sir Danny Alexander, Asia Infrastructure Investment Bank

2:45 - 4:00 PM

Academic Keynote: Incentives, Infrastructure and Institutions: Building, Funding and Managing Public Works 

Edward Glaeser, Harvard University

4:00 - 4:15 PM

Break

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4:15 - 5:45 PM

Panel Discussion on The Finance of Infrastructure: Present and Future

Isela Bahena, Nuveen/TIAA

Michael Bennon, Stanford Global Projects Center

John Graves, Washington State Investment Board

Adebayo Ogunlesi, Global Infrastructure Partners

Roman Kräussl (Moderator), University of Luxembourg and Hoover Institution

5:45 - 6:00 PM

Closing Remarks

Joshua Rauh, Stanford University

6:00 - 7:00 PM

Reception

 

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