Investment in the global infrastructure sector is inflating into a dotcom-style bubble, suffering the “dual curse” of overvaluation and excessive leverage, Standard & Poor’s warns in a study to be released on Thursday.
The gloomy prognosis follows the sector’s boom this year, with transactions so far totalling $145bn (€110bn) worldwide – a 180 per cent increase on 2000 – and up to $150bn of funds raised and waiting to be placed, according to the rating agency.
