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In light of the recent financial crisis in Europe and the increasing importance of sustainability in construction, insights and practical guidance for financial evaluation and risk management of infrastructure projects are extremely valuable for a well-planned future. According to the International Organization for Standardization (ISO 15686, 2009), the life cycle cost of infrastructure projects includes the cost of construction, operation, maintenance, and the end-of-life phases. Each stage includes hypotheses regarding the financial costs and costs considering several risks that might be encountered during the construction and service life of an infrastructure project. The correct and early estimation of these risks may guarantee the viability of the project. The Financial Evaluation and Risk Management of Infrastructure Projects delves into an intriguing issue and encompasses all the stages of a project from its concept that initially attempts to serve a need to the minimization of its service value. Cost-benefit analysis is indisputably considered an essential element among various evaluation methods for fostering optimal decision-making and ranking infrastructure projects over decades. Life cycle cost aspects became an important tool of knowledge about how to optimize an investment from the early stages of designing an infrastructure project. Financial Evaluation and Risk Management of Infrastructure Projects is a comprehensive guide for professionals and students in the fields of construction and investment, as well as financial and investment institutions. The book covers all stages of a project, from its concept to the minimization of its service value and highlights the importance of life cycle cost aspects in optimizing infrastructure project investments. The book also discusses the valuation of assets via the "future economic benefits" approach as a correct asset management accounting, which can prevent over and under estimation of investments and repair debt. The book emphasizes the need for cost-effective and sustainable infrastructure projects that incorporate "value for money" construction solutions, taking into account all risks involved. This book is ideal for professionals in the field of construction, investment institutions, students in construction and investments, and financial and investments institutions.
