This review sheds some light on recentprivate participation in infrastructure (PPI) activity, theshort-term impact of the financial crisis and its aftermath.Compared with the previous update on the impact of thecrisis, this note incorporates two improvements: a largersample size (1,080 projects, up from 965 in the previousupdate) over a longer period (from January 2008 to March2010). The findings of the survey show that investmentgrowth in PPI projects continues to be concentrated in thelargest developing economies, particularly India. Theremaining developing countries saw some investment recoveryin the first quarter of 2010. However, it is too soon toassess whether this recovery will continue and reverse thetrend of declining investment in these countries.