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Infrastructure pandemic splurge needs private funds, says Macquarie – Sydney Morning Herald
CEO Shemara Wikramanayake says cash-strapped governments will need private capital to fund new public infrastructure essential to stimulate their COVID-hit economies.
Macquarie’s infrastructure investment arm is one of the 50 largest in the world, with almost $600 billion worth of roads, bridges, farms, energy and other assets under management around the world.
Ms Wikramanayake said urbanisation could slow in Australia as a result of the pandemic, with lower migration and people choosing to live in smaller towns and cities, which would mean infrastructure spending needed to shift to new parts of the country.
“But in the biggest cities we may have the abilit…
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