Tuesday, May 8, 2007

Selling America

One road/bridge/turnpike at a time:

In the past year, banks and private investment firms have fallen in love with public infrastructure. They're smitten by the rich cash flows that roads, bridges, airports, parking garages, and shipping ports generate - and the monopolistic advantages that keep those cash flows as steady as a beating heart. Firms are so enamored, in fact, that they're beginning to consider infrastructure a brand new asset class in itself.
source

The referenced article is down the page a little, under Roads to Riches. Democracy was a nice idea while it lasted.

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