Public-Private Partnerships

While a number of states have deployed public-private partnerships (P3s) to tackle infrastructure projects over the last decade, many believe the P3 industry in this country still has yet to take off in the way it has elsewhere in the world. That’s despite demonstrated success of P3s in traditional areas like managed lane projects and promising developments in a variety of new asset classes including airports, broadband projects and high-tech applications. And while the Trump administration looks to encourage more P3s and institutionalize their practices in federal programs, there are many factors that could limit growth in the industry and prevent any kind of a much-needed infrastructure push from ever getting off the ground in the years ahead.

While a number of states have deployed public-private partnerships (P3s) to tackle infrastructure projects over the last decade, many believe the P3 industry in this country still has yet to take off in the way it has elsewhere in the world. That’s despite demonstrated success of P3s in traditional areas like managed lane projects and promising developments in a variety of new asset classes including airports, broadband projects and high-tech applications. And while the Trump administration looks to encourage more P3s and institutionalize their practices in federal programs, there are many factors that could limit growth in the industry and prevent any kind of a much-needed infrastructure push from ever getting off the ground in the years ahead. Those were just some of the takeaways from the Inframation Group’s U.S. P3 Infrastructure Forum 2018 held June 13-14 in New York City. The annual event brings together state and federal public officials and regional transportation authorities, along with infrastructure developers, investors and financiers to talk about the issues shaping the P3 industry’s future.

In addition to the prospects for a federal infrastructure package in 2018, one of the other major topics at various events during Infrastructure Week 2018 (May 14-21) in Washington, D.C. was public-private partnerships. The National Association of Counties and the Metropolitan Policy Program at Brookings hosted an event May 17 on “modernizing infrastructure policies to advance” P3s. Two veterans of P3 deals, John Porcari of WSP and Judah Gluckman of the D.C. Office of Public-Private Partnerships, were among the panelists. Here’s a report on some of what was said. 

While a comprehensive infrastructure bill may not be in the cards for 2018, that doesn’t mean infrastructure won’t factor into this year’s Congressional agenda. It also didn’t mean Infrastructure Week (May 14-21) was completely devoid of infrastructure-related news. Far from it. Here’s a roundup of some of the infrastructure news from the last couple of weeks.

Greetings from Washington, D.C. As Infrastructure Week 2018 kicks off today here and around the country, a federal infrastructure push appears increasingly unlikely this year. For state and local governments that means doing what they’ve been doing for years: trying to fill the gap.

With many legislatures wrapping up sessions this month or already adjourned sine die, it seems like a good time to check in on efforts to seek additional transportation revenues. This year appears to be holding true to form as an even-number election year when votes for gas tax increases and other measures are a bit harder to come by. Still, some states have experienced limited success in moving measures while others remain hopeful for action this year on the transportation funding front.

Following a nationwide search for a place in which to locate its second headquarters, Amazon is expected to announce a winner perhaps soon from among a group of 20 finalists announced in January. As I noted in a post last Fall, the heated competition for HQ2 has not only demonstrated the growing importance of ecommerce and logistics to the nation’s economy but also allowed communities to tout existing infrastructure assets or proposed infrastructure improvements as part of their bids to attract the project. As the finalists have tried to shore up their bids in recent weeks and those that failed to make the list have begun to examine what went wrong, transportation and infrastructure issues have come into play in a variety of ways.

A variety of states are taking steps this year to consider tolling as they seek to generate revenues for transportation, relieve congestion and perhaps qualify for federal transportation funding, which could be more difficult to come by in the future. I have updates on expanded tolling legislation in Utah, tolling studies in Iowa and Minnesota and the failure of a congestion pricing plan in New York. Plus, details on how to attend one of the nation’s premier conferences on public-private partnerships this June.

Since last week’s release of details of President Trump’s long-awaited infrastructure plan and his proposed FY 2019 budget, reaction has been rolling in. Here’s a primer on where to read more about the President’s overall approach to infrastructure and various aspects of the plan getting attention, as well as what various stakeholder groups and analysts are saying.

President Trump’s State of the Union speech and a leaked outline of his infrastructure package last month produced no shortage of opinions about what the administration has in mind for one of his major policy priorities. Many from across the transportation and public policy communities and from across the political spectrum have expressed serious concerns about the shape the package may be taking. Here’s a roundup of some of the reaction so far.

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