From Bloomberg-Australia (WHAT? No news blackout there?)
Macquarie Says Investors to Raise $20 Billion for Public Works
By Ambereen Choudhury
Oct. 12 (Bloomberg) -- Macquarie Bank Ltd., The Carlyle Group and Morgan Stanley are among global buyout firms and investment banks that are now trying to raise about $20 billion to invest in U.S. water companies, roads and airports, Macquarie said today.
Macquarie Bank, the world's largest private manager of infrastructure, creates and oversees funds with holdings that include U.S. Indiana Toll Road and Duquesne Light Holdings Inc., a Pittsburgh utility owner. It has bundled A$88 billion ($66 billion) of assets into funds that it manages.
``We've seen consistently that there isn't enough money for the deal flow that is out there,'' said Chris Leslie, chief executive officer of the Macquarie Infrastructure Partners fund at a conference in London. About $20 billion of new equity is coming to the U.S. infrastructure market, he said.
Macquarie, Australia's largest investment bank, faces greater competition from rivals including Goldman Sachs Group Inc. and Babcock & Brown Ltd. to buy companies ranging from ports to water companies.
Leslie said privatization projects in the U.S. include the Chicago Midway Airport. ``We are certainly encouraged by the fact that airports are being considered for privatization,'' he said.
Leslie said other targets include a stake in the New Jersey Turnpike. The state government is considering a sale of the toll road to raise money for transportation projects. At least 13 U.S. states may hire private companies to help build and operate $34.5 billion in toll roads spanning 2,700 miles, according to the Federal Highway Administration.
http://www.bloomberg.com/apps/news?pid=20601081&sid=a4oqqBnXdoRI&refer=australia