A Theoretical Review on the Importance of Stakeholders and Sources of Financing Public Urban Infrastructure

The future of developing countries is determined by the creation of sustainable urban infrastructure created, and the extent to which economic growth in the urban areas are managed. The central governments of developing countries need to perfect infrastructure planning and financing. This research is delimited to stakeholders and sources of financing public urban infrastructure, with the objective of addressing the importance of and to identify the extent of the involvement of stakeholders in the financing of urban infrastructure. More so, the research determined the strength of the current sources of financing public urban infrastructure. The research was conducted based on existing literature, published and unpublished journal papers, government papers, institutional and project reports. The theoretical review contributed understanding for key stakeholders of public urban infrastructure and their level of involvement. The reviewed literature emphasized the importance of municipal involvement (more) for infrastructure development, since it is the sphere where the actual refurbishment, operation and maintenance of infrastructure facilities are executed. The ultimate goal for private involvement is to accelerate service delivery, so as to promote economic development for different communities. The research contributes to the knowledge on stakeholders’ involvement in the financing of urban infrastructure.