Developing an Infrastructure Project

This teaching note follows the arc of an infrastructure project from ideation to operating asset. It defines what a project is and how it differs from a company, walks through the three risk phases of development, construction and operations, and sets out the ten workstreams that must be completed before a project can break ground. It explains what to weigh when making key development decisions and when evaluating whether to sell or hold a completed asset. It is an introductory guide for students learning to finance the build-out of the infrastructure needed to address global challenges such as climate change and rising electricity demand.