Investment grows in public-private partnerships for states and cities

04/14/2014 | Reuters

U.S. cities and states are embracing public-private partnerships as a more affordable means to accomplish high-cost infrastructure improvements following the Great Recession. There are eight to 10 public-private partnership projects worth more than $500 million in the pipeline in 2014 compared with an average of one or two in previous years, said Bank of America Merrill Lynch. Investors, including pension plans and insurance companies, put a record $17.1 billion into unlisted infrastructure funds in the fourth quarter, according to Preqin.

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