With project revenues wholly derived from toll revenues, the I-10 Calcasieu River Bridge P3 financing was expected to make bond investors nervous. Judging by take up it didn’t.

Despite a downturn during the pandemic, project and infrastructure financing in Asia, Asia-Pacific and Australasia has grown from $71.3 billion in 2019 to $91.8 billion in 2023. Key sectors like transport, telecoms and renewables are driving this resurgence, while fossil fuel investments remain prominent.

Market sentiment does not yet point to rosy times ahead. But it does paint a picture of an industry that has come to terms with the impact of recent economic conditions, and is poised for growth