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Infrastructure Projects Become Political Hot Potatoes

Published Monday, September 08, 2008

Political wrangling and overblown expectations are becoming the order of the day with infrastructure investments. Having all the makings of a wonderful marriage, the growth in public-private partnerships has accelerated over recent years as the robust economy of the early 2000s generated new funding sources to invest in crumbling roadways, airports and other infrastructure elements. According to Morgan Stanley, so-called infrastructure funds — public and private — have raised $160 billion in the last few years. Institutional investors have jumped onboard, too. In December 2007, the nation’s largest pension fund, the California Public Employees’ Retirement ...

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