Robert Bain, Ph.D., is a visiting research fellow at the University of Leeds, a London-based infrastructure investment analyst and founder and head of RBconsult. A chartered engineer, Bain spent 15 years as a consultant specializing in investor-financed transportation projects before joining the infrastructure finance ratings team at Standard & Poor’s. Today he runs his own specialist consultancy providing independent reviews of road and rail demand projections for institutional investors. Drew Campbell, senior editor of Institutional Investing in Infrastructure, spoke with Bain about what the landscape looks like for investors with possible interests in European infrastructure.

What are the key trends in European infrastructure that investors should keep their eyes on?

Despite a deep and protracted recession across much of Europe, infrastructu