Infrastructure Privatization Deals Dry Up
by
Ross Weber
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last modified
Oct 28, 2009 06:48 PM
Don't stimulus funds make this not such a bad thing for governments?
The purchase of government assets has all but stopped as credit has dried up. Now, with tax collections falling, state and local governments are scrambling to finance projects.
The biggest casualty so far: a $2.5 billion agreement to sell Chicago's Midway Airport fell apart in June when investors could not round up enough money.
