The G20/OECD Report on the Collaboration with Institutional Investors and Asset Managers on Infrastructure: Investor Proposals, released in July 2020 at the G20 Finance Ministers and Central Bank Governors meeting, presents multiple proposals received from the private sector on mobilizing investment in infrastructure, including a proposal on a clearly defined financial vehicle for infrastructure — an infrastructure investment trust (IIT) — for which the Global Listed Infrastructure Organization (GLIO) provided comments and feedback.

The report notes: “A purpose-built Infrastructure Investment Trust (IIT) structure could act as a liquid investment vehicle for essential infrastructure, particularly in emerging markets where foreign investment in listed equity is now common amongst many investors.”

IIT has the potential for tax efficiency for both governments and investors. The IIT structure, as proposed by private sector investors, could harness the lega