Infrastructure fund INPP defies the sceptics

When INPP – International Public Partnerships (LSE: INPP)– invested in the Thames Tideway Tunnel project in 2015, many investors thought its directors and managers were mad. Weren't infrastructure projects in the UK always delivered late and massively over budget? The project was a carve-out from the financially stretched Thames Water and would surely be dragged down by it.Instead, the 16-mile super-sewer under the River Thames from Acton to Beckton was completed as planned in March