BlackRock’s Barry Says Infrastructure Deals Offer No Quick Fix
- Programs can take as long as five years to get off the ground
- BlackRock stands ready to mobilize capital, Barry says
Jim Barry, global head of BlackRock Inc.'s infrastructure investment group, comments on President Donald Trump's $1 trillion building plan during an interview with Bloomberg's David Gura on 'Bloomberg Markets.' (Source: Bloomberg)
Plans by the U.S. to bolster infrastructure projects will attract plenty of interest from investors but take time to get off the ground, according to Jim Barry, global head of BlackRock Inc.’s real assets business.
“If the United States gets its act together the capital will be there. Everybody will want to come and play,” Barry said in an interview on Bloomberg TV Tuesday. But he added: “In my experience it takes three to five years to mobilize any substantial program of privatization or public-private partnerships, if you have cohesive policy and effective administration.”