Scientific paper ID 1184 : 2015/3

The report examines the lack of investment in transport infrastructure in the Republic of Bulgaria. Investments in infrastructure projects may be provided by pension funds (PF). Infrastructure projects are a suitable investment for PF because they are long-term investments whose horizon may coincide with the duties of pension funds. This type

Improve investment diversification of the asset portfolio (low correlation between infr astructure and traditional asset classes) also have a predictable and stable cash flows in the long horizon. PF can engage in PPPs by providing part of the financing. Has analyzed the experience of other countries in the use of investment PF. In Bulgaria PF will not start actual payments until at least 2023. And PF actually accumulated 7.5 billion leva.