Search
 

Construction Industry Eyes Public-Private Deals

LAS VEGAS-One-third of construction contractors surveyed at an annual construction CFO conference here say they expect their companies to participate in public-private partnerships in 2007.

By Brian K. Miller | Updated on November 16, 2006

LAS VEGAS-Construction contractors in the US are looking harder at public-private partnerships as a way to rebuild US infrastructure, according to a survey conducted here last week during Ernst & Young LLP’s 12th annual Construction CFO Conference. Most of the 30 contractors queried on the topic expressed “some” or “significant” interest in entering the PPP market. About one-third of the respondents expect their companies to participate in one or more PPPs in 2007.

Michael A. Lucki, E&Y’s director of construction industry services in the Americas tells GlobeSt.com that half of all toll roads now being built in the US are being paid for by private equity funds. “There are now several funds that just focus on infrastructure,” Lucki says. “I view this as the next REIT asset class.”

Respondents to the survey said they expect the PPP market to grow in coming years, and many said they plan to jump in now to take early advantage of opportunities, establish a position, gain experience and start generating new revenue streams, says Lucki, who analyzed the responses.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.