Political and regulatory uncertainty is the biggest impediment to the US’s fledgling public-private-partnership (P3) industry. Stronger engagement with public sector management and international projects is needed before projects can begin under the newest state P3 regimes.
Twenty-three states have adopted P3 legislation, but the US is still at the early stages of developing this mode of finance.
A major factor holding the industry back is project developers’ belief that they don’t have adequate information and clear enough messages about federal government support programmes to...