Institutional investors all over the world are watching patiently as many Western and Eastern nations discuss renewed commitments to infrastructure spending.
In the United States, Republicans and Democrats are providing their versions of what they would like to get done. For example, Senate minority leader Chuck Schumer of New York introduced a 10-year, $1 trillion infrastructure-building plan. Republicans, on the other hand, have already tangled with President Trump’s vision of infrastructure, as senate majority leader Mitch McConnell of Kentucky said he hopes to “avoid a trillion-dollar stimulus.”
Meanwhile, the Canadian government under Prime Minister Justin Trudeau has announced its intention to establish the Canadian Infrastructure Bank to provide low-cost financing for new infrastructure projects. And in China, the year-old Asian Infrastructure Investment Bank has invested in nine projects across Europe, Asia and the Middle East, and has extended loans inte