Education Housing And Health Related To Which Infrastructure?
Social Infrastructure – PIDG PIDG may invest in social infrastructure, which complements the other traditional sub-sectors that are normally associated with infrastructure. Social infrastructure includes the construction and maintenance of facilities that support social services.
- These can include healthcare (medical facilities and ancillary infrastructure), education (schools, universities and student accommodation), and housing.
- Given the ongoing constraints with respect to government finances, there is greater interest in public-private partnerships (PPPs) solutions in these sectors.
PIDG may invest in social infrastructure, which complements the other traditional sub-sectors that are normally associated with infrastructure, including:
Urban and non-urban infrastructure: the provision of economic and social infrastructure within urban and rural settings. We will collaborate with institutions that have an in-depth understanding of the specific risks involved; or Affordable housing: which, broadly speaking, is housing which can be made available to low-income individuals at a rent or mortgage repayment they can afford. We have engaged an expert to develop more specific criteria for PIDG to apply to explore the options and criteria for PIDG involvement in affordable housing projects. Healthcare: There may be occasions when PIDG is approached for hospitals, but these would be ‘bricks and mortar’ projects, not just services. Education: PIDG may provide support for projects relating to schools and universities when it is better placed than others to do so – for example, there may be opportunities to support affordable accommodation for university students.
: Social Infrastructure – PIDG
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Contents
Wherever you look around the world, it seems that infrastructure is in demand. PricewaterhouseCoopers (PwC) estimates that, from 2016 to 2020, global spending on capital projects and infrastructure will total between $27 trillion and $29 trillion.1 Due to changing demographics in both emerging and developed markets, social infrastructure will comprise a significant portion of this investment.
- Social infrastructure can be broadly defined as the construction and maintenance of facilities that support social services.
- Types of social infrastructure include healthcare (hospitals), education (schools and universities), public facilities (community housing and prisons) and transportation (railways and roads).
All of these structures serve as the backbone for communities and societies.
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Which of the following is a part of economic infrastructure?
Transportation is part of any nation’s economic infrastructure.
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Types of Infrastructures – Economic infrastructure: This infrastructure is directly linked with the economic development of a country or an organisation. This includes the basic amenities and services that directly influence and benefit the production process of economic distribution.
A few examples of economic infrastructures are power, transportation, irrigation, communication, etc. Social infrastructure: This type of infrastructure has the basic services that improve individual productivity and achieve social objectives. Social infrastructure contributes indirectly to the country’s economic development.
For instance, the education sector does not contribute directly to the economic development of a country. However, it helps indirectly by providing high-quality education to the students, therefore producing doctors, scientists, engineers, and technologists.
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Infrastructure can broadly be defined as long-term physical assets that operate in markets with high barriers to entry and enable the provision of goods and services. Social Infrastructure is a subset of the infrastructure sector and typically includes assets that accommodate social services.
As set out in the table below, examples of Social Infrastructure Assets include schools, universities, hospitals, prisons and community housing. Social Infrastructure does not typically extend to the provision of social services, such as the provision of teachers at a school or custodial services at a prison.
In contrast, economic infrastructure supports economic activity and is often characterised by ‘user-pays’ or demand-based revenue streams (such as tolls on toll roads or landing fees for an airport). In New Zealand, Social Infrastructure is almost exclusively provided by a central or local government (or related entities such as district health boards and universities).
| Examples of Social Infrastructure Assets | |
|---|---|
| Sector | Examples |
| Health |
Medical facilitiesAncillary infrastructure (e.g. offices, carparks, training facilities) |
| Education |
Schools (primary and secondary)Tertiary facilitiesResidential student accommodation |
| Housing |
State or Council housingDefence force housing |
| Civic and Utilities |
Community & sports facilitiesLocal government facilitiesWater and wastewater treatment |
| Transport |
Bus stationsPark and ridesAvailability-based roading (excluding demand-risk toll roads) |
| Corrections and Justice |
PrisonsCourt houses |
__ 11 PFI, “Strengthening Long-term Partnerships”, page 12, available at http://www.hm-treasury.gov.uk/pfi _strengthening_long-term_partnerships.htm
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