In the area of business credit, investors shied away from financing leveraged buyouts and from purchasing speculative-grade corporate bonds. And some larger banks, concerned about potentially large and difficult-to-predict draws on their liquidity and balance sheet capacity, became less willing to provide funding to their customers or to each other.
Most roads, with the exception of toll roads, fall into this category, as do many other types of public infrastructure. Infrastructure services which have the character of public goods are paid for out of general Government revenues (i.e. by taxpayers). Hence, any debt that is contracted to finance the construction of this type of project must be serviced out of general Government revenues.