(Read more on the debt and equity markets.)
NEW YORK CITY-As recent events such as the collapse of the I-35W Bridge in Minneapolis on Aug. 1, show, public infrastructure requires investment to make safety repairs and maintenance. The private sector could provide a major part of the solution for governments struggling to fund these projects, according a recent report by Ernst & Young titled "Investing in Global Infrastructure 2007: An Emerging Asset Class."
The huge capital demands of large-scale infrastructure projects around the world--running into more than a trillion dollars over the next decade--will likely create intense competition among governments to attract private investment. The report estimates private sources could account for 10% to 15% or roughly $240 billion to $360 billion of the capital needed for infrastructure projects annually worldwide.
"There are good opportunities to create win-win situations," notes Dale Anne Reiss, Ernst & Young's global real estate director. "Governments urgently need funding and private-sector expertise to improve or replace aging infrastructure. And investors can benefit through the steady, long-term returns infrastructure investments can provide."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
