Foreign Direct Investment--The Engine Behind the Private Infrastructure Revolution --The Complex Nature of Greenfield Investments in Infrastructure: Incentives and Risks -- The Contractual Web of a BOT-Type Project -- Governments: Balancing Domestic Interests and Multiple Objectives -- Sponsors: Creating a Viable Project Structure -- Commercial Lenders--The Market Test of Bankability -- Risks Investors Face -- Conflicting Opinions Within Government -- Insufficient Coordination -- Insufficient Expertise -- Direct Negotiations versus Competitive Tenders -- Unclear Tendering Rules -- Political Interference -- Unclear Market Entry Conditions -- Lack of an Adequate Legal Framework -- Difficulties During Operation -- Social Concerns After the Fact -- Political Commitment of Successor Governments -- Handling the Risks -- The Role of Government Support Arrangements -- The Importance of Overall Sectoral Liberalization -- Designing an Effective Policy Framework -- The Usefulness of an Institutional Support Structure -- Designing an Overarching Legal Framework -- Regulating Private Infrastructure: Minimizing Risk and Abuse -- The End Result: Expensive Potentials or Investment Booms -- The Impact of the Asian Crisis -- Methodology for Estimating FDI Flow -- Summary Data Tables -- Number of Private Infrastructure Transactions in Developing Countries -- FDI Inflows to Developing Countries from Infrastructure Projects -- FDI in Infrastructure, by Sector -- Different Strategies: Latin America and East Asia Compared -- Investor Origin, by Sector.