Ireland has an opportunity to position itself as a leader in an emerging technology, or perhaps a reemerging one. All it takes is political vision, a willingness to face down some entrenched local vested interests and a desire to make a change. This of course means it wont happen, but we can dream!
Infrastructure investment is a huge business. Worldwide there are estimates that upwards of a trillion dollars extra per annum are required in investment in water, power, sewerage etc. Total global infrastructure needs are estimated to be of the order of $60tr over the next couple of decades. The changing regulatory environment, combined with weaker banking systems, and the need to find attractive returns for pension funds are also combining to make financing of infrastructure more complex and involving more partners. Globally infrastructure has been a good bet for investors. Infrastructure and related indices are consistent outperformers over equity and bonds. So what does all this have to do with Ireland ? Continue reading