Data collection
Infrastructure financing
Drivers of Cost of Capital
Drivers of Cost of Capital
Measures what drives the cost of capital for infrastructure, why risk is mispriced, and how DFIs price different financing instruments.
Project ID: MPF 2
Lead: UCL
Partners: ODI Global, SOAS
Workstream: WS2: Drivers of cost of capital
At a glance
Region Global LMICs
Duration March 2026 – March 2027
Cost-of-capital data across lower-income countries
Risk drivers and reasons for mispricing
The role of DFIs in financing instruments
What are the comparative advantages of NDBs, Southern-led PDBs and DFIs in mobilising private finance, and how can international support unlock domestic capital?
Research activities
Cross-country dataset
How risk combinations push cost of capital above fundamentals
Investor decisions on infrastructure
Role of DFIs
Planned research outputs
Working papers & peer-reviewed publication
Policy briefs & final report
Cross-country dataset
Blog posts
Dissemination events
Relevance & uptake
Advice to governments and operators · publications for academia
Implemented by
UCL
Meet us at
Conference participation [tbc]