Thursday, March 5, 2009

The P3's Are Coming: Insiders Call for More Government Spending

I just became aware of this report, Benefit of Private Investment in Infrastructure.

The report was released on January 21. It calls for heavy P3 (Public-Private-Partnership) activities on infrastructure.

According to the report:
If the government investment is teamed with private investment, the approximate $180 billion of dedicated capital currently available for global infrastructure projects can create up to $450 billion for investment in theU.S. infrastructure market.
What this means, of course, is that private capital will put up $180 billion and government entities will loan the rest at very favorable terms to the insiders.

Bottom line, P3 insiders will manage infrastructure deals that they will negotiate with government agencies and then the insiders will negotiate with other government agencies to give them most of the money to conduct the deals they negotiated in the first place.

When you start hearing about "P3" projects, and you will hear a lot. Don't think Private-Public-Partnerships, think Picking-Peoples-Pockets.

Here is the list of insiders that put this gem of a report together:

"Benefits of Private Investment in Infrastructure," was created by

Kearsarge Global Advisors

in coordination with

Abertis, Babcock & Brown,

Barclays Capital,

Carlyle Infrastructure Partners,

Chadbourne & Parke LLP,

Citi Infrastructure Investors (CII),

Credit Suisse,

Debevoise & Plimpton,

Freshfields Bruckhaus Deringer,

Fulbright & Jaworski,

Mayer Brown,

McKenna Long & Aldridge LLP,

Merrill Lynch,

Morgan Stanley,


RBC Capital Markets,

Scotia Capital,

and UBS.

And just who is Kearsarge?

There are three key players:

Managing Partner Jim Courtovich--He was Senior Advisor to former Senator Phil Gramm during his time in the Senate, as well as a lead spokesman and strategist during his Presidential campaign. He has also worked for U.S. Senators Warren Rudman and Bob Dole.

Partner and Global Practice Leader Alixandre Schijman--She is a term member of the Council on Foreign Relations, a four-term member of the Board of the Council of the Americas.


Kathy L. Nealy--In the Clinton Administration, she was a lead advance consultant to the Office of Scheduling and Advance for the President, Vice President and First Lady, responsible for logistical arrangements and briefings for domestic and international travel for the White House as well as for international figures such as Coretta Scott King, Nelson Mandela and Mikhail Gorbachev.

Nice, Democrats, Republicans or international, Kearsarge has got you covered.

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