Wire Reports

Buyout firm to use infrastructure money to aid public projects

WASHINGTON – Someday, the Carlyle Group may want to sell you the Brooklyn Bridge. Really.

The Washington buyout firm has raised $1.15 billion for an infrastructure fund that it will use to partner with federal, state and local governments in running vital public projects in the United States, including water and sewer systems, bridges, tunnels, highways and airports.

Carlyle and other investment firms see themselves as part of the solution for governments facing declining tax revenues and a troubled municipal bond market that has left them unable to complete or repair billions of dollars in public works projects.

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Posted by dcjaya at January 6, 2008 10:34 PM