Opening panel discussion: What’s next for the US P3 market?
The US P3 market hit a record in 2022 with more than USD 40bn in projects reaching financial close, according to Infralogic data, thanks to two major airport P3s at New York’s John F. Kennedy International Airport: the New Terminal One initiative and the redevelopment of Terminal 6 and 7. Beyond the headline figure, though, number of P3 transactions declined compared to the prior two years amid rising interest rates, stubbornly high inflation and still snarled supply chains.
Industry participants are bullish on increased activity in 2023 as newly elected state and local governments search for innovative solutions to tackle traffic congestion, climate change and broadband access.
The opening panel will discuss these issues and set the scene for the next two days.
- What are the high and lows of the last 12 months and what has the industry learned?
- How have the November mid-terms affected the political climate for P3s?
- Where are the opportunities for P3s in the next political cycle and how are private developers prioritizing those?
- How are the current wider economic conditions affecting state municipal budgets and is it having any material impact of P3 deal flow?
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