Related Links: Transport P3s Lessons Learned Special Report: Which Way the Winds are Blowing on P3s Public-private partnerships (P3s) have burst onto the scene in the U.S. as a solution to help meet the overwhelming need for public infrastructure and the underwhelming public resources to pay for it.P3s, of course, are hardly new. Private funding sources have been used for decades to develop major infrastructure and social assets in Europe, Asia and Latin America. In the last decade, P3s have become common in Canada, and they were utilized in the U.S. in the 1970s to develop post offices.In many cases,
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.