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Public-private partnerships: Have they found a footing in the United States?
- June 1, 2024: Vol. 17, Number 6

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Public-private partnerships: Have they found a footing in the United States?

by Joel Kranc

It is an interesting time for American infrastructure investment. This past November marked two years since the introduction of the Infrastructure Investment and Jobs Act (IIJA). The Brookings Institute, in a report on the anniversary of the bill, says IIJA implementation is hitting its stride and has already moved about $306 billion into state hands and direct investment projects. There is still 80 percent of competitive funding left to be awarded.

On the other side of that coin is the infrastructure gap. Every four years the American Society of Civil Engineers (ASCE) estimates the investment needed to maintain America’s infrastructure, and right now, things don’t look great. In 2021, the ASCE says we are paying about half our bill, and the total infrastructure investment gap has gone up from $2.1 trillion to $2.59 trillion throughout 10 years. It has graded America’s infrastructure score a C minus. Further, the ASCE says failing to close the gap will cost $10 trillion

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