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Specialization in infrastructure and investment constitutes infrastructure. It is usually referred to the large-scale public systems, services, and facilities of a country or region that are crucial for economic activity. The sector has two broad subsets – economic and social. Economic infrastructure includes highways, water and sewerage facilities, energy distribution and telecommunication networks whereas social infrastructure includes schools, universities, hospitals, public housing and prisons.
Infrastructure assets are generally managed and financed on a long-term basis. Presently along with government bodies several private organizations have come up in this sector. The private provision of these assets may take many forms from joint ventures, concessions and franchises to straight delivery contracts. Essentially the private sector is being brought in to design, build, and finance and/or maintain public sector assets in return for long term contracted payments from the government or access to the revenues.
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