The P3 sector received a huge boost recently when IFM Investors (an Australian fund manager) bid $5.72 billion for the Indiana Toll Road lease. This largest bid for a U.S. public asset to date signals a rising interest by pension funds in infrastructure investment, particularly assets like toll roads which come on the market relatively rarely. Professor Gifford was interviewed about the impact of this bid on other states, and the P3 industry as a whole. To read the entire Bond Buyer article on this historic transaction, click here.
Bond Buyer Quotes Center on Multibillion Dollar Indiana Toll Road Investment
The P3 sector received a huge boost recently when IFM Investors (an Australian fund manager) bid $5.72 billion for the Indiana Toll Road lease. This largest bid for a U.S. public asset to date signals a rising interest by pension funds in infrastructure investment, particularly assets like toll roads which come on the market relatively rarely. Professor Gifford was interviewed about the impact of this bid on other states, and the P3 industry as a whole.