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On Campus
Session Date-Application DeadlineProgram Fee$9,900Faculty ChairProgram Director
Program Fee: The program fee includes tuition, housing, curricular materials and most meals.
Executive Certificate: This program is a core program in the Economic Development and Public Policy concentrations. This program can also be used as a third program for any concentration in the Executive Certificate series.
Executive Core Qualifications (ECQs): This program aligns with one or more Executive Core Qualifications.
Program Overview
Governments worldwide aspire to provide their citizens with essential and quality infrastructure services amidst the mounting pressure of soaring demand, shrinking budgets, and climate change. From road projects in Indonesia and Pennsylvania to water utilities in the UK and Australia, from airports in Brazil to medical services in Lesotho, decision-makers must determine the most effective roles for public and private sectors in infrastructure provision. By harnessing private investment and innovation for real and sustainable efficiency, and deploying them using public authority and regulation, quality infrastructure services can be delivered.
Infrastructure Financing, Regulation, and Management is an executive program that gives participants the tools needed to develop, finance, regulate, and manage infrastructure using public, private, and PPP/P3-based procurement mechanisms. Using examples from both advanced and emerging economies, it provides the skills and judgment needed to address economic, social, political, and climate constraints while promoting access, innovation, and sustainability. This intensive one-week program helps leaders like you address critical questions about developing, financing, regulating, and managing infrastructure, including:
- How can limited public resources and capacity for infrastructure be leveraged?
- How can private developers and investors participate successfully in infrastructure development?
- What is the role of project finance and risk allocation in infrastructure investment?
- When is regulation necessary? When can governments achieve effective outcomes using market forces?
- How can governments implement infrastructure solutions that are politically and socially sustainable over time?
- How can infrastructure contracts deal with shifting priorities, technological change, renegotiation, disputes, and early termination?
PROGRAM CURRICULUM
Over the course of the program, you will analyze and discuss 15 real-world cases from both emerging and established markets that illustrate how different approaches such as public procurement, privatization and public-private partnerships can be used for developing infrastructure that meets economic, social and climate goals. This comprehensive and comparative approach will give you an understanding of the challenging demands of infrastructure provision. The case studies will also illustrate dynamics that determine the success or failure of the complex relationship between private infrastructure providers and government.
LEARNING OBJECTIVES
- Choosing the appropriate procurement model – assess the economic and political strengths and weaknesses of various forms of private and public involvement ranging from privatization to public procurement, and the circumstances under which each is most effective.
- Building and maintaining political support – analyze the political environment for reform, emphasizing the importance and difficulty of gaining support from different stakeholders.
- Mobilizing private finance – explore different financial mechanisms and instruments such as project finance, credit enhancement, and infrastructure funds, and how the financial and contractual structure enables optimal risk allocation, aligning the incentives of government and private providers alike.
- Regulating to protect consumer interest – examine the strategies and institutions used to control private monopolies and ways to promote competition for and innovation in infrastructure service delivery. Managing infrastructure – explore how political priorities, financial and economic conditions, technological innovation, and climate change affect infrastructure projects and how measures such as amendment, regulation, renegotiation, and arbitration can be used to manage their impact.
Application Information
This program is designed for a wide array of senior professionals involved in the infrastructure sector, including those from public and private entities in both developed and emerging markets. Past participants have included:
- Elected officials, administrators, policymakers, and public officials serving in central, state, and local governments
- Infrastructure developers
- Financiers, consultants, and legal advisors
- Regulators
- Development bankers, transaction advisors, and policy experts from national, bilateral and multilateral institutions
Immerse yourself with a cohort of fellow leaders on Harvard's historic campus. View the draft program schedule. Note that module titles, speakers, and sequence may change.
"We explore how to select the right public-private partnership, mobilize private finance, establish and implement regulations, manage projects, handle renegotiations, and address climate change and innovation in the context of infrastructure projects"