Morrison & Co launched Infratil, one of the world's first listed infrastructure funds in 1994.

The company may look further afield in the future, but for now this looks like one of the most conservatively managed infrastructure funds around.

This made GIP2 the largest independent infrastructure fund in the world to date.

The team lobbied City Council in the hope it would agree to fund the majority of the $18 million renovation using federal infrastructure funds.

Under Mr. Cuomo's new proposal, only about $20 million from the infrastructure fund would go for housing.

The second string to Mr Osborne's growth bow will be a new infrastructure fund, possibly valued at £50bn.

Income-seekers find infrastructure funds attractive because returns are not correlated to the economic cycle or related to movements in the equity markets.

Today, Macquarie has roughly $23 billion invested in what the bank calls specialized infrastructure funds.

Already there are discussions at an early stage on utilising pension fund investments to provide infrastructure funds for regions.

The United States will operate Crotone, but its 28 percent share of the infrastructure fund comes to only $231 million.