Third, given this public resource constraint, private capital, which is typically invested in short-term financial assets, should be unlocked for infrastructure projects. Fourth, for this to occur, a pipeline of “bankable” projects needs to be developed. The standard diagnosis is that projects that fit that profile are currently scarce and the risk-adjusted returns of existing projects are too low to attract private investors. Numerous factors are pinpointed as restricting the delivery of “bankable” projects.