Where the populist train is taking us

This article is part of
The Guide: Investing in Property and Infrastructure

Investors do need to be aware of the risks, of course. The US programme is clearly targeted at specific infrastructure sectors, including social infrastructure and public transportation projects. Public utility projects may also benefit, although the renewable energy sector is not expected to fare so well.  

While infrastructure developments may support protectionist ideals by creating local employment, the risk is that the wrong protectionist trade policies could also restrict international competition, best practice and technologies for new US infrastructure projects, which could ultimately result in higher delivery costs and lower-quality assets.

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Alistair Perkins is head of project finance at NN Investment Partners