Until recently it seemed that pension schemes and infrastructure investment were the perfect match, but somehow prevented by circumstances from meeting. Many defined benefit (DB) pension schemes look for low risk assets that will provide inflation-linked returns over an extended period and at a reasonable cost. Given that infrastructure can offer exactly this sort of investment, what has kept pension schemes from investing in infrastructure in a more significant way? Historically, investing in infrastructure was only available to investors with very deep pockets. By their very nature infrastructure projects tend to be very large and the size of investment needed mirrored this.
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