White House Says Foreign Investment Is Key To Infrastructure Plan
<p>The White House believes that foreign investment will be key to fulfilling President Trump's promise to upgrade U.S. roads, bridges, airports and other public works.</p>
America's Infrastructure Shortfall Could Be Investor's Best Friend
Every four years, the American Society of Civil Engineers (ASCE) releases its report card on the condition of Americaâs infrastructure, and for the second time since 2013, our nationâs roads, bridges, waterways, airports and more scored a barely-passing D+.
Foreign Buyers Eye US Pipeline Investments In Hunt For Steady Yields
<p>Foreign institutional investors, including sovereign wealth funds, are studying investments in the U.S. interstate oil and gas pipeline network as a way to obtain recurring returns in a low interest-rate environment.</p>
<p>Dealmakers said they are advising funds, including from Asia, Australia and the Middle East, about potential investments that could bring billions of dollars of new capital to the sector.</p>
<p>Other infrastructure areas also have attracted institutional investors. Drawn to the potential for steady long-term incomes, they have purchased stakes in companies operating toll roads, airports and utilities.</p>
<p>Peter Bowden, co-head of energy investment banking at Jefferies Group LLC, said major pipelines with long-term contracts structured as take-or-pay deals from creditworthy shippers are most attractive to foreign buyers.</p>
A Trigger For Infrastructure Investing
President Donald Trump campaigned on a platform to boost US ­infrastructure investment by up to $1 trillion over 10 years, and reaffirmed this commitment in his inauguration speech, saying "we will build new roads and highways and bridges and airports and tunnels and railways." There's no doubt US infrastructure spending is sorely needed. The American Society of Civil Engineers Report Card for American Infrastructure estimated $3.6 trillion in investment will be needed by 2020 . It gives overall US infrastructure a D-plus, with levees and inland waterways being in the worst shape. The US found just how deficient some levees were when Hurricane Katrina slammed into New Orleans in 2005 and devastated other parts of Louisiana and Mississippi. It ranks as the costliest US natural disaster, with total property damage estimated at $108 billion , according to the National Oceanic Atmospheric Association.
Reliance Infrastructure Drops Plans To Sell Stakes In Airports
Company says debt will be negligible by March 2018
IFM Investors Increases Stake In Australian Airports
<p>IFM Investors, a fund manager owned by 28 superannuation funds, has increased its stake into two Australian airports.</p>
<p>The company has informed its shareholders that it has bought an additional 1.5% shareholding in Australia Pacific Airports Corporation (APAC), which owns Melbourne Airport and Launceston Airport.</p>
Virgin Australia Sells Frequent Flyer Program to Private Equity
Virgin Australia is to sell 35 per cent of its Velocity Frequent Flyer program to private equity in a move the airline says will accelerate the growth of its loyalty division and enable it to realise...
AVIC is Potentially Investing in Aircraft
AVIC Capital Co Ltd has been in talks withrelevant parties on the acquisition of Avolon and conductedinitial due diligence, it said in a statement filed to theShanghai Stock Exchange website....
Oak Investment Partners leads $20m Series C for Hipmunk
Existing investors including Institutional Venture Partners and Ignition Partners, which led Hipmunk’s Series B and A, respectively, also participated in the round....
Brazil's Bradesco to Raise Private-Equity Funds for Infrastructure
Banco Bradesco SA, one of Brazil's largest banks, is planning to raise two private-equity funds to invest in infrastructure, the first time it will take money from clients for this type of investment...