Courtesy of Capital Beltway Express LLC Virginia's $2.1-billion Capitol Beltway Express is near its midway point. Public-private partnerships are gaining an extra boost in the United States as cash-strapped states increasingly grapple with how to address critical public-works infrastructure needs amid dwindling public funds. And the U.S. could learn a thing or two about P3 deals from its northern neighbor.That's the consensus of construction professionals with mature experience in P3 delivery systems who gathered at a recent related conference in Washington, D.C. Canada is widely seen as a decade ahead of the U.S. in P3 delivery of major highway and
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.