From the Current Issue
A coalition of Canadian pension and institutional investors formed to pool their resources to create a customized infrastructure investment program, the Infrastructure Coalition LP, and the manager of the program, Aquila Infrastructure Management, have announced a C$105 million first close.
Taiwanese president Ma Ying-jeou has proposed a comprehensive public infrastructure construction plan for Taiwan that aims to advance the country’s infrastructure, fiscal health and financial services, as well as to build Taiwan into a regional air and marine transportation hub.
In many ways Brazil is no longer an emerging market — the country has emerged. There are flashes of the old Brazil in the form of its bureaucracy and a faint, lingering whiff of corruption as the country grapples with the challenge of preparing for the FIFA World Cup in 2014 and the 2016 Olympic Games, but there is little doubt that Brazil has arrived and that the environment for increased foreign infrastructure investment has reached a turning point.
Thirty-one states now have laws that allow for P3 procurement. Officials in the Commonwealth of Virginia have gone one step further and created the Office of Transportation Public-Private Partnerships to better pursue and manage these agreements. Tyson Freeman, Institutional Investing in Infrastructure assistant editor, spoke with Sean Connaughton, Secretary of Transportation for the Commonwealth of Virginia in the cabinet of Gov. Bob McDonnell about these initiatives. Connaughton oversees seven state agencies with more than 9,700 employees and combined annual budgets of $5 billion.