Dubai says they will get rid of the US operations of ports.
-- they "sell" it to Carlyle group, (Dubai has subtantial investments in Carlyle Group
-- Carlyle Group is an investment company, they buy US infrastructure such as PORTS
-- Carlyle Group then subs out the actural work -- Halliburton is at the top of their list
Carlyle forms infrastructure investment team
http://investing.reuters.co.uk/investing/financeArticle.aspx?type=allBreakingNews&storyID=2006-03-10T133900Z_01_N10266452_RTRIDST_0_FINANCIAL-CARYLYLE.XMLFri Mar 10, 2006
NEW YORK, March 10 (Reuters) - Carlyle Group, a private equity group, said on Friday it was setting up an infrastructure investment team focused on investing in projects in the United States.
The initial team of eight will be co-headed by Robert Dove, former executive vice president at Bechtel Enterprises, and Barry Gold, former managing director and co-head of the structured finance group at Citigroup/Salomon Smith Barney.
Carlyle said the team begins work next Monday and will look at investing in transportation and water facilities, airports, bridges, ports, stadiums and other public infrastructure.
---according to Lou Dobbs:
The Carlyle Group, by the way, today, if you do follow things like The Carlyle Group and Halliburton, said it plans to raise a billion-dollar fund to buy, guess what, U.S. infrastructure, including ports.
Dubai has already put some capital into Carlisle's previous $8 billion investment fund.