Opening Panel: North American P3 Market Outlook
The main artery for infrastructure was effectively clogged in early March when most of the country was shut down due to COVID-19 causing a strain on demand-risk projects such as toll roads, airports and ports.
Longer term concerns arose about the health of states and cities in general have also risen as fears of recession could cut into their tax revenue base. This came at a time when Maryland and Georgia were in the early innings of two major road projects, but also with the US P3 industry starting to gain some much-needed positive momentum overall due to developments in the university space.
In the interim, bad news has arisen this summer as the investors and contractors in the Purple Line consortium are trying to leave the project. At the same time, the privatization of JFK Terminal One is being delayed.
In this scene setting panel discussion, hear Panelists discuss:
- COVID-19 exposed major problems in the US healthcare system, will this crisis create the need for more healthcare infrastructure and which subsectors could benefit from P3s?
- What is your assessment on the federal stimulus package and its impact on infrastructure funding?
- Demand-risk projects harbor major defensive long-term characteristics, but has COVID-19 affected medium-term view when it comes to future toll road/managed lane projects?
- How will the looming presidential elections effect future infrastructure policy?
- What are expectations for the P3 market in the US and will it be more reliant on privatized deals (as seen in certain municipal broadband deals) as opposed to true P3s?