SWFs cast eyes over West's plans to upgrade crumbling assets: Reuters
Sovereign wealth funds are queuing up to finance the West's overhauls of crumbling roads, bridges and ports as public purse strings are loosened after a period of austerity, but they still face project delays and fierce competition for deals, Reuters reported. Qatar's sovereign fund was first off the blocks this week, promising US$10 billion for U.S. infrastructure after President-elect Donald Trump floated plans to spend up to US$1 trillion on projects that will take years to complete. Britain has flagged projects worth nearly US$632 billion, including expanding Heathrow airport and high-speed rail, European governments are backing more spending on energy, transport and telecoms, and Canada is speaking to SWFs and pension funds to create an infrastructure bank.
