Public Investment as Intertemporal Bargaining—Infrastructure Beyond Construction Timelines

公共投资即跨期谈判：超越施工周期的基础设施

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Major infrastructure projects are less about physical construction than about locking in long-term resource allocations, regulatory precedents, and jurisdictional authority across decades.
Financing mechanisms like public-private partnerships shift fiscal risk outward but often entrench inflexible contractual terms that limit future policy adaptation.

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