Public-Private Partnerships: A Sea Change in the US Transportation Sector

The current growth period in transport PPPs may prove to represent a true sea change in US project delivery. Four factors support this possibility: the increasingly undeniable gap between needs and traditional resources; several important new policy initiatives; closing of key transactions; and investment by numerous jurisdictions in a long-term, sizable transaction pipeline.The next 18 months should reveal whether PPPs will secure a deep and lasting hold. Some observers are concluding that US conditions could soon yield one of the world’s largest PPP markets.