Thursday, January 3, 2008
First, public schools, now our infrastructure goes private ... The private equity firm, The Carlyle Group, has raised $1.15 billion for an infrastructure fund that it will use to partner with cash-strapped federal, state and local governments in public works projects like highways, bridges and airports. Carlyle says it can run these operations better than government and make a profit for its investors. Critics worry about public safety and security issues. WPost, Soon, Roads Could Start Tolling for Carlyle.