FYI: Private-equity firms raised a record sum for infrastructure investment last year, aided by President Donald Trump’s promise to pump $1 trillion into America’s aging roads and bridges. That was the easy part. Spending it is another matter.
After lobbying the White House to create incentives for states and cities to accept more private money for transportation projects, buyout firms got some of what they sought in the administration’s infrastructure plan released Monday.
But few firms believe Mr. Trump’s infrastructure plan will open the floodgates for privatization deals, which have long been out of their reach because of cheap funding alternatives such as municipal debt and the challenges of navigating local politics.
Regards,
Ted
http://www.cetusnews.com/business/Blackstone--Other-Private-Equity-Firms-May-Sit-Out-Trump-Infrastructure-Push-.S1bqykWPM.html
