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Monday, March 03, 2008

Union wants pension backing for roads

Financial Times article on public sector unions pushing for public pension funds to invest in roads and other infrastructure. Of course, as noted, many public pension funds (the California teachers pension fund being the most prominent) are already investing in P3 projects.

The union's push seems aimed at keep "foreign" companies out of the mix, even in partnering with US pension funds - as though whether a firm CEO says "howdy" rather than "g'day mate" has any difference in road management, tolls, or how many US jobs are created.

More commentary on this topic here and here

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