Ontario Teachers' CIO says U.S. behind in race for infrastructure capital: Reuters
The United States is lagging behind Canada in the race to attract capital for infrastructure projects despite launching a charm offensive to global investors and reaching out to officials north-of-the-border for advice, Reuters reported, quoting a top Canadian investor. Bjarne Graven Larsen, chief investment officer at Ontario Teachers' Pension Plan, said Canada has an advantage in already being home to a number of the world's biggest infrastructure investors and having an established track record in utilizing public and private funding to build infrastructure. Canada is setting up an infrastructure bank to facilitate private investment in projects such as new roads, bridges and tunnels. It plans to attract $4 to $5 for every $1 of public funding for projects.
