Fierce competition and a scarcity of traditional transport assets are pushing investors to explore transport adjacencies, according to three industry experts featured in Infrastructure Investor. As core infrastructure opportunities become increasingly limited, market participants are broadening their investment mandates to capture value in adjacent sectors. This strategic shift reflects the evolving landscape where traditional assets such as toll roads, airports, and ports face intense bidding competition, compressing returns.

Investors are now evaluating opportunities in logistics hubs, last-mile delivery infrastructure, and mobility services that complement core transport networks. The trend highlights how infrastructure allocators are adapting to market constraints by identifying growth areas that benefit from similar macroeconomic drivers, including urbanization, e-commerce expansion, and supply chain resilience. Industry specialists note that while these adjacent investments may carry different risk profiles, they offer diversification benefits and potential for enhanced yields in a capital-intensive environment.