The National Infrastructure Plan will be financed by British pension funds and private investment, as well as from further cuts in the present spending round.
Picking up where the private equity titans could soon be leaving off are sovereign wealth funds, opaque investmentfunds controlled by governments which dip into their burgeoning national savings accounts to make investments.
Its NationalInvestment Fund scheme of 1995 placed 414 state companies in the hands of western-managed funds that were subsequently listed on the stock exchange.