July / August 2013 Issue
The new infrastructure revolution
Bruno Alves caught up with seven leading industry professionals in Sydney to discuss how Australia is re-writing the narrative on privatisation and making procurement more institutional investor friendly
PPP round-up
In this new regular section of the magazine, we take a look at the key public-private partnership developments from around the world over the last month
In the sights of a new AK-47
Are you prepared for cyber-attacks on infrastructure assets? If not, then you should be, warn Ben Beeson and Angel Kuan of Lockton
A safe harbour for investment
There is a new opportunity for container terminal investing in the US, according to Henry Pringle and Foster Finley of AlixPartners. However, do not expect the ‘second wave’ of opportunities to be the same as the first
The case for active ownership
McKinsey’s Robert Palter, argues that direct infrastructure investors should put capex and operations specialists on a par with deal originators to maximise returns
Going where others fear to tread
Many equity fund managers will talk of the project construction phase in awed tones – preferring to concentrate their efforts at the safer, operational end. Erich Becker tells Andy Thomson why Zouk Capital is happy to break the mould
How capital recycling can ease rating pressures
The need to build new infrastructure at a time of constrained finances presents challenges for Australia’s state governments. Matt Amor, Katie Dean and Cherelle Murphy of ANZ offer a possible solution
Without funding, no pipeline
Huge investment is required to fund Australia’s infrastructure, but where will it come from? Julian Vella of KPMG looks at the changing dynamics
Putting the ‘social’ into ‘privatisation’
The general public is usually against privatisations, but sentiment may all depend on the nature of the new owners. Michael Hanna of IFM explains further
Regulation: banks won’t take it lying down
The banking sector has been a target of increased regulation, but Greg Maclean of AMP Capital explores ways in which innovation could create new opportunities for investors and the banks themselves
Charting the changes
Martin Stanley looks daunted at first, and then a smile breaks out. He has just been asked to assess the evolution of Macquarie’s infrastructure investing activities since the Australian banking and financial services giant first launched into the space around 20 years ago. The smile is because he now recalls a similarly enormous challenge that […]
‘Each toll road is different’
Infrastructure asset valuation can be complex but also stimulating, finds Chris Glynn.
Holding out for top dollar
The infrastructure secondary market is not necessarily the place to go if you’re looking for bargains. Andy Thomson finds out why.
A singular deal, regulatory danger and a wake-up call
This month, our readers tell us regulation is still the key risk, argue that Meridiam’s unwrapped UK university bond deal is an exception, and stress emerging markets are not arriving: they are here now.
Ultimately, the US will be fine
Thanks to projects like the I-4 Ultimate in Florida, the US may yet find a way to avoid a huge predicted infrastructure shortfall. Karl Reichelt of Skanska assesses the P3 landscape.
‘We need to wield an enormous power’
Madison Grose of Starwood Energy urges infrastructure investors to come together to shine a light on adverse behaviour by governments.
The ‘great diversifier’
Infrastructure is presented with a golden opportunity as low bond yields fail to prompt rotation into equities.
A telling change of heart
US transportation and infrastructure chief Bill Shuster has backed off high-speed rail, and so has Capitol Hill.
A plug pulled
Institutional investors can bring a lot of positives to the UK water industry - but the bidders for Severn Trent were denied the chance to prove it.
Dead pigs on the road to success
It seems city officials in China are more likely to be promoted if they invest in infrastructure rather than the environment.
A question of ownership
Who’d be a parent these days? One Spanish water company claims that it is – against all the evidence.
‘I can see the official’s just walked in’
And, with that in mind, a leading asset class professional hastily watered down his reflections on PF2.