Investors are poised to rebuild America after President Donald Trump revealed a $1trn infrastructure plan. But progress has been slow, writes Christopher O’Dea
Blackstone’s announcement in May that it was launching a new business to invest up to $100bn (€84bn) in US infrastructure brought into sharp focus a major question for institutional investors: how to deploy more capital into the massive US infrastructure sector.
President Donald Trump has called for private investors to inject $1trn in capital to refurbish, rebuild and replace all manner of infrastructure. But aside from the initial proposal to use $200bn in federal funds as seed money to attract the rest, details about the plan have been sketchy. The infrastructure initiative remains stuck, a distant third behind the stalled efforts at healthcare and tax reform, and increasingly hamstrung by the administration’s own missteps.
BY CHRISTOPHER O’DEA
SEPTEMBER/OCTOBER 2017 (MAGAZINE)
IPE REAL ASSETS