Times indeed are changing, and a confluence of factors is pointing to the growing role that infrastructure investing will play in the decades ahead. That presumption can be supported largely by rudimentary economic theory. There is an urgent need for infrastructure assets globally, and at the same time there is an emerging appetite among institutional investors for investments that share the characteristics of the infrastructure asset class. If we toss in the fact that the traditional means of infrastructure funding are proving to be woefully insufficient, the forward-looking potential for infrastructure as an investment class looks robust.
An Urban Land Institute and Ernst & Young paper (Infrastructure 2011: A Strategic Priority) puts global estim