Asian infrastructure investment gets nod
Infrastructure as an asset class will continue to evolve quickly due to favourable supply and demand, with the Chinese and Indian economies offering the greatest opportunities, according to a Deutsche Bank RREEF Alternative Investments study.
Commenting on infrastructure investment opportunities, RREEF managing director head of global research Dr Peter Hobbs said power, roads, airports, ports and railways are among the big opportunity areas in India, as well as other opportunities such as telecom towers, natural gas distribution and urban infrastructure.
“There is a big government initiative to encourage the expansion of airports, and that’s where there is quite a lot of tradition of private sector finance,” he said.
Thirty-five non-metro airports are set to be privatised for terminal operation and city-side development, with planned Greenfield airports in Noida, Pune, Goa and Navi Mumbai.
The major investment in the power sector will be in generation with a number of domestic coal, imported coal, domestic gas and hydro capacities planned through a combination of bidding and non-bidding route.
As for the road sector, RREEF claim a number of medium- and large-sized toll road projects will be on offer as well as elevated urban toll roads in metro areas.
And there will be a wave of privatisation of India’s railways, with as many as 22 stations proposed for privatisation of terminal operations.
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