Infrastructure boom hits capital desert

Governments on both sides of the Atlantic have announced ambitious infrastructure spending commitments. But they will have to negotiate a much-changed bank lending market to realize their plans. Louise Bowman reports.

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WHEN IRISH ENTREPRENEUR Dermot Desmond decided to sell London City Airport in 2006 he was inundated with about 80 expressions of interest. He sold the airport to Global Infrastructure Partners and AIG for £750 million ($1.03 billion) in a deal voted one of the most overpriced sponsor acquisitions of the year in a subsequent industry poll.

Infrastructure boom hits capital desert

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Infrastructure boom hits capital desert

Thanks for your interest in Euromoney!To unlock this article:

CIB’s CEO Al-Arab on realism, reform and resilience

How banks can make cybersecurity a revenue generator

Awards for Excellence Middle East and Islamic Finance winners celebrate in Dubai

Regulators should be upfront with taxpayers – and admit all deposits are guaranteed

Thanks for your interest in Euromoney!
To unlock this article: