- Research
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The Valuation of Public Projects: Risks, Cost of Financing and Cost of Capital
Summary:
| Citation | . 2013. "The Valuation of Public Projects: Risks, Cost of Financing and Cost of Capital." ###. Toronto: C.D. Howe Institute. |
| Page Title: | The Valuation of Public Projects: Risks, Cost of Financing and Cost of Capital – C.D. Howe Institute |
| Article Title: | The Valuation of Public Projects: Risks, Cost of Financing and Cost of Capital |
| URL: | https://cdhowe.org/publication/valuation-public-projects-risks-cost-financing-and-cost-capital/ |
| Published Date: | September 12, 2013 |
| Accessed Date: | November 8, 2025 |
Outline
Outline
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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