Private equity firms are following in the footsteps of Macquarie Group and the investment units at top investment banks like Goldman Sachs, JPMorgan and Morgan Stanley. According to Pensions & Investments, they are shifting gears to focus on a new area: infrastructure investing. The report argues the credit crisis and recession have put the traditional [...]
The Obama administration brings the promise of new approaches to old problems, according to Infrastructure Investor. The report argues that investors eager to see a new approach to infrastructure financing by the U.S. government are hoping to capitalize on this promise.
One day after President Obama took his oath of office, a group of investment banks, [...]
The American Society of Civil Engineers (ASCE) just released its 2009 Report Card for America’s Infrastructure. For the fourth time since 1998, the group assigned a cumulative grade of “D” to the nation’s infrastructure, estimating that $2.2 trillion would be needed to restore it to acceptable levels – that’s up from $1.6 trillion in 2005.
The [...]
President Barack Obama is touting his American Recovery and Reinvestment Plan to immediately jumpstart job creation as well as long-term economic growth. In his weekly address on January 24th Obama said the plan will save or create three to four million jobs over the next few years and plans to rebuild the nation’s infrastructure to [...]
This year governments around the world will spend 2.9% of world GDP on infrastructure, up from 2.2% in 20087according to Infrastructure Investor, citing projections for 2009 compiled by consultancy CG/LA. Norman Anderson. The report adds the firm’s CEO, Norman Anderson, also predicts that the U.S. will move toward a more Spanish-style model of infrastructure financing [...]
President-elect Barack Obama is laying the groundwork for a giant economic stimulus package - up to $850 billion over two years - in his first test of legislative give and take with Congress, according to the AP. The report states that Obama’s economic advisers are currently assembling a recovery plan and already reaching out to [...]
President-elect Barack Obama says he wants to revive the economy through a job-creating public works plan on a scale unseen since the building program of the interstate highway system in the 1950s. His ideas were outlined in the weekly radio address the day after the government reported that employers cut 533,000 jobs in November - [...]
New Jersey Governor Jon Corzine recently announced $2.8 billion in infrastructure improvements that he said will not only improve the state’s schools, bridges and roads, but will also stimulate the economy and create as many as 26,000 jobs. “If we are going to provide relief from the national recession, we need to keep New Jerseyans [...]
Facing new-home sales at a 50-year low, jobless claims at an unexpected 16-year high and signs of a deepening recession, President-elect Barack Obama delivered a rundown of his economic recovery plan, which includes creating 2.5 million jobs by January 2011. “We’ll put people back to work rebuilding our crumbling roads and bridges, modernizing schools that [...]
Citigroup sees clear opportunities in infrastructure. In a recent report, Citigroup states, “The secular drivers for increased developed world infrastructure spending are clearly in place.” Citigroup also notes there is increased political focus on infrastructure spending as a way to jumpstart the economy, to improve U.S. competitiveness and to reduce reliance on foreign energy sources. [...]
You are currently browsing the archives for the Infrastructure Finance category.
