Deal-making infrastructure needs work itself

Given this, AMP Capital’s Roder says that using superannuation money to help build social infrastructure assets – such as schools, hospitals and aged care – would be most appropriate, since these institutions are used by most of the public. “In all of these structures there is an element of user-pays. Only a certain spectrum of people will use a toll road, but we all use hospitals and aged care centres.” But if improvements in economic infrastructure – such as ports, rail and freeways – enable the nation to compete strongly in the global economy, the benefits could reach many people. Roder says that immediate opportunities to invest in domestic infrastructure include PPPs pertaining to the Brisbane airport link and the expansion of the nation’s ports.

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Future Fund boosts active equity program with new EM manager

Australia’s sovereign wealth fund has added an active equity strategy from a local boutique manager to its emerging markets allocation and dropped one of its existing providers after signaling it had identified "inefficiencies" in the space.

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