The world’s largest manager of infrastructure assets, Macquarie Group, believes the market for privatizing public assets will be vibrant in the coming years. As a result, the company is seeking to raise $2 billion for a fund to invest in public infrastructure.
Reuters.com writes that Macquarie was behind the two of the largest recent U.S. infrastructure deals: a combined $4 billion deal to build commuter-rail lines in Denver, and upgrade a toll-tunnel in between Norfolk and Portsmouth, VA.
The U.S. has lagged behind its counterparts in Europe and Australia in terms of privatizing roads, tunnels and bridges.
The original Reuters article can be found here. Details on Macquarie can be found on their Web site.
Interestingly a book called The Promise and Perils of Infrastructure Privatization: The Macquarie Model"> focuses on Macquarie and their infrastructure privatization strategy.