US - The decision by the US$248bn California Public Employees' Retirement System (CalPERS) to invest in pubic private partnership (PPP) infrastructure projects has met with strong criticism from Professional Engineers in California Government (PECG).
The group, which represents over 13,000 publicly-employed engineers, architects and surveyors, has urged the fund to reject the policy, saying the move would be contrary to its investment policy an...
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