Infrastructure Spending Jumping in 2009

Infrastructure Spending to Surge in 2009, Opening Doors in Infrastructure Finance

Infrastructure Spending to Surge in 2009, Opening Doors in Infrastructure Finance

This year governments around the world will spend 2.9% of world GDP on infrastructure, up from 2.2% in 20087according to Infrastructure Investor, citing projections for 2009 compiled by consultancy CG/LA. Norman Anderson. The report adds the firm’s CEO, Norman Anderson, also predicts that the U.S. will move toward a more Spanish-style model of infrastructure financing in which large engineering and construction firms originate, build, operate and take equity stakes in national infrastructure projects. Moreover, CG/LA also believes that President-Elect Obama’s proposed Infrastructure Bank will become a reality.

Executive search firm, A.E. Feldman, contends that Obama’s administration promises to create huge job opportunities in project and infrastructure finance. The firm says infrastructure finance jobs are likely to open up for candidates with backgrounds in investment banking as well as experience in analyzing and executing structured financings. The most sought after candidates have been those with experience in infrastructure transactions and civic engineering. A.E. Feldman also reports the jobs opening up include CEOs and CFOs with proven records of running infrastructure companies.

Infrastructure Spending to Jump

Washington D.C. based consulting firm, CG/LA. Norman Anderson, predicts global infrastructure spending will jump 0.7% this year (or increase by an additional $280 billion),according to Infrastructure Investor. The firm says the push for renewed infrastructure will be led by developed countries, although China (which unveiled plans in November 2008 to spend $586 billion on infrastructure investment over the next two years) will be a notable exception to this trend.

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