General Electric makes $5B infrastructure bet

03/12/2008 | Forbes

Anticipating a global boom in infrastructure improvements, General Electric is moving $5 billion to its GE Energy Financial Services unit for investment in energy-related infrastructure projects. GE Infrastructure already brings in more than one-third of the parent company's $49 billion in annual revenues, and analysts say that figure is set to rise, buoyed by up to $50 trillion in worldwide infrastructure spending.

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