WASHINGTON/BALTIMORE/WHITE SULPHUR SPRINGS, WV (BBN) (Update on Feb. 11, 2018 to add comments from senior White House officials) — President Donald Trump proposed USD 1.5 trillion US infrastructure investment fund may rank him among the great builders of America: President Abraham Lincoln with the Transcontinental Railroad; Theodore Roosevelt and the Panama Canal ; and the US Highway Interstate System of General Dwight D. Eisenhower, according to US House Transportation and Infrastructure Committee Chairman Bill Shuster (R-PA).
Key domestic and foreign players such as Washington, DC-based The Carlyle Group and Melbourne, Australia’s Transurban Group (ASX:TCL) have taken pole position while New York’s Blackstone, KKR and Guggenheim Partners play catch up.
[The Carlyle Group co-CEO Glenn Youngkin on why US Infrastructure is “greatest emerging market opportunity” in the world at America’s Infrastructure Summit: A Time to Modernize at US Chamber of Commerce in Washington, DC. January 18, 2018]
The Carlyle Group co-Chief Executive Officer Glenn Youngkin said he always tells major foreign funds who love to invest in emerging markets that the “greatest emerging market opportunity around the world today is to invest in US infrastructure. Rule of law, accountability of a work force, the dependability of construction and we have such a nascent industry investing in something which is our greatest need . This is why we are getting so excited.”