Infrastructure Monitor 2023: Global Trends in Private Investment in Infrastructure

In 2022, private investment in infrastructure rebounded after years of stagnation, with a 29% rise in transactions and a 41% increase in value over the five-year average. This growth was driven by renewable energy, digital infrastructure, and large transport projects. Investment capital (USD 258 billion) notably outpaced capital raised (USD 165 billion), mostly concentrated in North America and Europe. 

However, 2023 saw a sharp decline in fundraising, especially in developed markets, though some dry powder shifted to developing economies. Despite overall gains, investment disparities persist: high-income countries saw a 61% surge, while middle- and low-income countries grew just 6%. Investors continue to favour lower-risk infrastructure strategies, often prioritizing secondary over greenfield projects. 

These trends underline the volatility of infrastructure finance and the need for sustained support to mobilize capital in developing regions.