(Read more on the debt and equitymarkets.)
NEW YORK CITY-As recent events such as the collapse of the I-35WBridge in Minneapolis on Aug. 1, show, public infrastructurerequires investment to make safety repairs and maintenance. Theprivate sector could provide a major part of the solution forgovernments struggling to fund these projects, according a recentreport by Ernst & Young titled "Investing in GlobalInfrastructure 2007: An Emerging Asset Class."
The huge capital demands of large-scale infrastructure projectsaround the world--running into more than a trillion dollars overthe next decade--will likely create intense competition amonggovernments to attract private investment. The report estimatesprivate sources could account for 10% to 15% or roughly $240billion to $360 billion of the capital needed for infrastructureprojects annually worldwide.
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