Since it is a public street own by the local authority, the only cost sharing would be Local authourity themselves. Howeve, it is the interest of public And other stakeholders that could make a stronger persuasion to local authority.
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Indeed, infrastructure cost usually will be bear by the government (for most of the cost). Nonetheless, the government can also amend policies to welcome private sector to join in as a consortium to build it. It really depends on the suitability of the execution to the context and scale.