Fitch Sees Positive 2013 for Ports, Airports
The outlook for airports, ports and toll roads remains stable for 2013 despite concern over the lack of a long-term federal funding solution, said a Fitch Ratings report. It expects "modest growth for airports" and "stability for ports despite volume…
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pressures," said Mike McDermott, managing director at Fitch. Ports will face volume pressures stemming from continuing economic challenges in the eurozone, ongoing labor disruptions in the U.S., and fragile consumer confidence in the face of the fiscal cliff, Fitch said. Investment in port infrastructure will be a focus for both the private and public sectors as economic recovery continues to progress, it said.