NEW YORK--(BUSINESS WIRE)--The global project finance and infrastructure (PFI) market is expected to expand in 2020 as many countries must replace aging infrastructure, adapt to new technologies, and develop new means of energy production. These major initiatives will likely come about through the development of renewable energy assets to meet clean energy targets, improvements in telecommunications systems to account for increased internet demand, and new infrastructure investments (rail, parking, ports, etc.) to accommodate a growing population.
However, the question of what comes next in the PFI sector seemed to have taken on greater importance in 2019 as the market adapted to changes in tax incentives, regulatory requirements, and the emergence of new technologies. This 2020 sector outlook discusses recent market trends, credit performance of certain PFI subsectors, and provides the Project Finance and Infrastructure Group’s forward-looking views for the year ahead.
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