6.3 Infrastructure: Market View and Investors Flashcards
Infrastructure Investments: Mature versus Emerging Economies - Nature of Market
Mature: …; needs largely related to the maintenance, improvement, and … (i.e., refinancing and operational efficiency)
Emerging: Infrastructure assets yet to be built; … of assets offering consolidation opportunities and multiple …
Ownership transfer; expansion of returns
fragmented ownership; exit opportunities
Infrastructure Investments: Mature versus Emerging Economies - Related risks
Mature: Developed …; moderate returns on mature and …
Emerging: Developing legal and regulatory environments; elevated risk due to…, requiring higher returns
legal systems and regulated environments; noncyclical infrastructure
less institutional stability
Infrastructure Investments: Mature versus Emerging Economies - Operational Characteristics
Mature: Large-scale projects generally undertaken via …
Emerging: Partnerships with local entities having …
competitive tendering (meaning??)
appropriate industrial and regulatory expertise
