Infrastructure deals in Asia are at their highest level in a decade thanks to consolidation in China and privatizations in Australia, the Wall Street Journal reported Wednesday. This year, US$79 billion worth of infrastructure deals have been announced in the Asia Pacific region, up 46 percent from this time last year, the report said, citing Dealogic. Investors attracted by long-term and steady returns have been buying ports, pipelines and energy assets around the region. The activity is not seen abating anytime soon, the report said. A consortium including Industry Funds Management and Abu Dhabi Investment Authority won leases for two major Australian ports in April in a deal worth US$5.3 billion, Dealogic said. in June, China’s Taikang Asset Management Co. and Beijing Guolian Energy Industry Investment Fund announced plans to invest US$3.3 billion in pipeline assets owned by PetroChina Co., the report said.
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