Studie zur Finanzierung von Transportinfrastruktur 2013

This paper seeks to shed light on the complex nature of institutional investment in the transportation sector. This is achieved by examining the different investment vehicles that have developed in financial markets to provide opportunities for institutional investors. Unlisted equity vehicles have provided the greatest opportunity for institutional investors and it is through these investments that the characteristics of an asset class have developed. Both listed and unlisted products have been affected by the financial crisis indicating that the assets are not quite as robust to economic climate as was previously suggested. With Basel III regulations affecting the ability of banks to provide loans for projects, infrastructure debt funds have provided the latest opportunity for institutional investors to invest in debt products backed by stable infrastructure cash flows.