Privatization drive slowed by roadblocks
Source: Reuters, Mon Jul 30, 2007 11:22AM EDT
What Wall Street had thought would be a flood of infrastructure deals has turned out to be a trickle.
Last year bankers predicted cash-strapped state and city governments would sell or lease airports, toll roads and other public assets to investors with billions of dollars clamoring for stable, long-term returns.
Instead, public resistance against such sales has caused government officials in many states to hesitate, slowing deal traffic to a crawl.