Macquarie Group eyes off resource sector

Company News

Investment bank Macquarie Group Ltd (ASX:MQG) is eyeing off investments in the growing resource industry, according to the Australian Financial Review.

Macquarie global head of infrastructure and utilities David Roseman has told the paper that there is a "huge role" for traditional infrastructure investors to move into Australia’s growing list of resources projects.

Mr Roseman says many local companies are likely to outsource infrastructure development rather than take the financial risk, which is when foreign buyers often come in.

Mr Roseman say the market for financing infrastructure in the resources industry could be worth tens of billions of dollars.

Macquarie Group reported a net profit of $411 million in the half year to 30 September 2010.