All the sessions from the Infrastructure Summit are now avaialble on Euromoney Online Channels.
Please click here to download the summary record from the event
The infrastructure financing gap is huge. With over $50 trillion estimated to be needed between now and 2030, the potential for this growing sector has never been so profound. This fact, amongst others, was the driving force behind the launch of The Euromoney/OECD Infrastructure Summit, held on 29 May in Paris.
Despite the financial crisis, infrastructure is one area that has grown and will continue to grow substantially both across the developed world and the Emerging Markets. However, funding this vast market is growing ever more difficult. With governments slashing spending and banks restricted by their balance sheets, the hunt for new sources of financing intensifies.
The institutional investor, including pension funds, sovereign wealth funds and insurance companies, is the major target of the investment drive and was indeed the main focus of this inaugural summit.
In their opening remarks, Richard Ensor, chairman of Institutional Investor and Rintaro Tamaki Deputy Secretary General of the OECD were keen to highlight the importance of infrastructure investment in an ever-changing world. Leading on from this Juan Yermo and Raffaele Della Croce of the OECD gave an insightful presentation into the workings behind the Long-Term Investment Project and the opportunities for institutional investors.
The full day of panels which followed, united an exciting group of investors, policy-makers, supranationals, corporates and consultants. Market participants debated the challenges and the opportunities of investing directly in infrastructure projects. Whether investing in equity or debt, greenfield or brownfield, developed or Emerging Markets it was clear that lack of market data remains a concern for many investors.
The day provided a full agenda of lively panels and in-depth workshops discussing everything from the impact of regulation to analyzing risk and return. Panelists included a wide range of institutions from across the globe including the seasoned investors Canada Pension Plan Investment Board and the Dutch pension fund APG. The combination and breadth of topics and speakers resulted in an unparalleled event which sought to provide solutions to the most pressing market issues. Euromoney looks forward to welcoming everyone back in 2014 for further debate.