Earlier this year, Russian president Vladimir Putin announced that fixing and expanding the country’s infrastructure was a national priority and will benefit from ten of billions of petrodollars. How and where that money will be spent is now a matter of fervent interest, with both public and private sector bodies looking to be prime beneficiaries of the Kremlin’s largesse.
The potential gold rush has already attracted the attention of major global infrastructure players, with Australia’s Macquarie Bank announcing a link-up with leading Russian investment bank Renaissance Capital. Macquarie manages more than $49 billion of investments in infrastructure assets around the world in the energy, water, telecommunications and transportation sectors, delivering annualized...
