Industry firms have formed a new advocacy group they hope will be a single voice for alternative project finance and delivery, particularly public-private partnerships.
The non-profit Association for the Improvement of American Infrastructure says the P3 push is not just to fill funding gaps, but also to speed project schedules, manage life-cycle costs and foster more industry and other private-sector investment. Members hope to address why the U.S. is behind other nations in use of P3s for construction projects.