Reuters » China’s insurance regulator issued a notice on Friday banning insurers’ asset management arms from using private equity investment schemes as a channel to increase local government debts. The government is targeting public-private-partnership, or PPP, projects, which funnel private money into infrastructure such as bridges and toll ways in the form of equity. Some PPP projects, […]
The Wall Street Journal » President Donald Trump has pivoted away from public-private partnerships for infrastructure projects, telling a bipartisan group of lawmakers that Indiana’s experience with privatization was a failure. According to one person in the meeting, the president said, “They tried it in Mike’s state and it didn’t work.” The president was referencing the experience […]
Reuters » The White House hosted about 150 state and local transportation officials for an infrastructure discussion and told them the Trump administration’s infrastructure plan will include incentives to privatize local bridges, roads and tunnels.
Reuters » New York Governor Andrew Cuomo on Thursday called on the private sector to help improve New York City’s aging subway system, saying business and civic organizations could each contribute $250,000 to join a “partnership council” and clean up dirty, decrepit areas. He said firms including BlackRock, Estee Lauder and Blackstone already agreed to contribute the […]
KUNC » Private investors are interested in turning a profit, which is why most public-private partnerships are on highly trafficked roads or bridges. Only two interstates in Colorado — I-70 and I-25 — are attractive to corporations due to their volume, and they already have private investment in many areas. And the thousands of miles […]
Marketplace » Investors are actively looking for projects to spend on in North America. There’s $71 billion in private money, worldwide, lined up and waiting to be invested, according to a London-based data research firm, plus $20 billion publicly pledged by the Saudis. Trump’s infrastructure plan envisions an $800 billion injection of private money to […]