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The Valuation of Public Projects: Risks, Cost of Financing and Cost of Capital

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September 12, 2013

The costs of public sector investments in infrastructure projects are underestimated and should include the risks to taxpayers who backstop them, according to a report released today by the C.D. Howe institute. In “ The Valuation of Public Projects: Risks, Cost of Financing and Cost of Capital,” authors Marcel Boyer, Eric Gravel and Sandy Mokbel find current evaluations of public projects suffer from serious flaws, exposing taxpayers to unaccounted-for risks and bad investment decisions.

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Author(s):

Eric Gravel
Marcel Boyer, Professor Emeritus of Industrial Economics and Fellow, CIRANO, Université de Montréal
Marcel Boyer
Sandy Mokbel

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