Private investors, returning to the global port industry following the credit crunch, are targeting projects in Africa, India and Latin America, as investment in Chinese ports becomes trickier, according to a report.
“Investors with an appetite for risk are likely to be rewarded with greater returns from emerging markets,” The Global Investment in Ports and Terminals said.
By contrast, investors who have been prominent in the development of Chinese ports, which have posted some of the fastest growth rates in the past decade, now face higher barriers to entry and fewer concession agreements, according to the report by Holman Fenwick Willan [HFW], a London-based global law firm.