| As China pushes to set up a regional infrastructure bank to lend for major projects, it's worth revisiting just who will invest in the bulging pipeline of Australian infrastructure assets coming to market in the next 12 months. The obvious candidates are Australia's superannuation funds, which manage some $1.8 trillion in assets but remain heavily weighted towards more liquid assets such as stocks and bonds. Super can, and should, be turning savings into investment that can boost economic growth.
Some prime candidates say that keen competition for trophy assets such as the Port of Botany have pushed valuations beyond reasonable levels. Port Botany and Port Kembla sold for $5.1 billion, a deal that many saw as a new high water mark for infrastructure deals globally...............................................Full Article: Source
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