This report aims to 1) assess the global run for infrastructure finance and 2) the tendency of its financialisation, 3) explain the main mechanisms for indebtedness of mega-infrastructure projects and their risks especially for impoverished countries, 4) raise the question of illegitimacy of debt, also considering the creation of other debts such as ecological and gender debt, 5) provide concluding remarks and 6) evaluate the need of mega-infrastructure projects, presenting alternatives. Finally we will give 7) policy recommendations.