John Porcari is the managing director for public policy and partnerships at Investcorp Corsair Infrastructure Partners and a board member of Investcorp Corsair company Vantage Airport Group. Porcari has served as deputy secretary of the U.S. Department of Transportation and was most recently White House port and supply-chain envoy in the Biden administration. He also twice served as secretary of the Maryland Department of Transportation. Kali Persall, editor of Institutional Investing in Infrastructure (i3), recently interviewed Porcari about public-private partnerships (P3s) and their influence in generating differentiated investment opportunities across global markets.

What are the biggest challenges facing U.S. infrastructure development, a