- October 1, 2015: Vol. 8, Number 9

To read this full article you need to be subscribed to Institutional Investing in Infrastructure

US P3 market faces political headwinds: Despite much progress only P3 adoption remains slow

by Drew Campbell

After more than a year of positive momentum, shifting political winds are disrupting some plans for P3 infrastructure projects in the United States, according toU.S. Public-Private Partnerships Encounter New Road Bumps As Political Appetite For The Projects Waxes And Wanes, a report by Standard and Poor’s.

“The 2014 midterm elections brought new headwinds to the nascent market, delaying or, in some cases, derailing P3s that sponsors were investing so-called ‘spade money’ into with expectations that the deals would soon close,” says Standard & Poor’s credit analyst Trevor D’Olier-Lees.

The report notes that despite Virginia, Texas, Florida, Indiana and Colorado having used P3s for infrastructure projects, and despite these transactions seeming to have reached a watershed moment — with four deals closing in 2014 and five transactions in the first half of this year — in many cases, “decision-makers are focused on short-term benefits such a

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy