GE (NYSE: GE) today announced it had entered into a strategic alliance with Macquarie Capital to cater for the growing global demand for infrastructure funding and development.
The agreement will see the companies working together to create new and flexible solutions to global infrastructure challenges for potential users of GE technology across sectors as diverse as renewable energy, power and water.
Signing the agreement in Sydney today, GE Vice Chairman, John Rice, said: "The global demand for infrastructure across multiple industries is huge and growing all the time. People need power, transport and better healthcare, particularly in emerging markets.
"One of the biggest challenges we face with our customers is how to connect capital to these large scale projects - today's announcement is a step forward in bringing some of these important projects to life," Mr Rice said.
Macquarie Capital Global Head Tim Bishop said: "Macquarie Capital's Infrastructure, Utilities and Renewable team has been at the forefront of infrastructure and finance management globally for the past 20 years.
"This alliance with GE facilitates the potential to provide a seamless technology and finance offering to GE clients tackling a wide range of complex infrastructure development projects around the globe."
In the year ending 31 March 2013, Macquarie Capital advised on 447 transactions worth more than $US88 billion, including infrastructure-related transactions worth more than $US30 billion.