Core, core, core. This is not new news. For the past five years, core has been the safety net for portfolios. Investors want the stable and predictable returns/yields from their infrastructure portfolios — established, operational “brownfield” infrastructure assets in Europe and North America.

The following article is an excerpt from the Private Infrastructure Finance and Investment in Europe, a report commissioned by the European Investment Bank. The entire report with footnotes and references is available at www.georginderst.com and the Social Science Research Network page: www.ssrn.com. The article reviews the available research about global infrastructure investment needs with a focus on Europe. 

In 2013, the Thai government announced plans to launch infrastructure projects worth 2 trillion baht ($62 billion) in the next six to seven years, involving mainly the development of Thailand’s rail and road transport network. The value of this mega-project will no doubt create a large number of jobs and inject cash flow in the construction industry.