AMP Capital, BlackRock make infrastructure moves

Despite widespread expectations that private investors would pour into infrastructure projects to replace capital being withdrawn by banks and goverments, these flows have not materialised. The World Bank estimated that private infrastructure investment in emerging economies fell by a fifth to $150 billion in 2013 from $186 billion the year before. Still, asset managers such as Australia’s AMP Capital and US fund house BlackRock are keeping faith with the asset class. This wee…