Shortly after Chancellor George Osborne spoke of the importance of institutional investment in UK infrastructure, Allianz Global Investors is launching a £500m investment fund in an attempt to bolster the UK’s infrastructure project pipeline. The fund will allow institutional investors such as insurers to purchase portions of debt, which will finance civil infrastructure projects (roads, schools, hospitals, water and energy assets, for example).
A company spokesperson tells IBTimes UK: “The UK government’s National Infrastructure Plan had highlighted a pipeline of hundreds of infrastructure projects across roads, rail, airports, ports, electricity, gas, communications, water, waste and flood defences that will require billions of pounds of investment by 2020. With infrastructure a priority but the public purse strings still tight, additional sources of investment can help ensure those major UK infrastructure projects become a reality.”
Deborah Zurkow, the company’s CIO of infrastructure debt, describes the launch as “a significant moment for infrastructure funding in the UK”.
Infrastructure Investment
