An investment project is a detailed proposal of an expenditure of liquid resources, with the objective of taking actions that will lead to future profits. - An investment project is made before the investment itself. - An investment implies an expenditure of resources, but it doesn’t necessarily means that those resources are our own resources: a lot of investments are carried out by borrowing money. - There is a temporal difference between the expenditure and the procurement of the profits. The procurement of the profits is farther away in time. This is an important fact that must be taken into account during the capital budgeting. - The investment will try to achieve a change in future reality, like satisfying certain needs of people.

Infrastructure investments are a form of “real assets,” which contain physical assets we see in everyday life like bridges, roads, highways, sewage systems, or energy. Such a type of asset is quite crucial in a country’s development. Often, investors invest in infrastructure, as it is non-cyclical, and it offers stable and predictable free cash flows.