Bond Buyer: Feds, states need larger programmatic approach to attract investors to public-private partnerships rather than single-project approach
Nov. 11, 2009 | 11:45 am
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Market participants are pushing for states or the federal government to take a “programmatic” rather than a piecemeal or project-by-project approach to financing infrastructure through public-private partnerships, Bond Buyer reports.
But states may be better equipped than the federal government to assemble a P3 program, some said last week at The Bond Buyer’s 10th annual Transportation Finance/P3 conference in Dallas.
State departments of transportation currently have to do “a lot of footwork” to put together P3 deals and are essentially reinventing the wheel for each project-based partnership, said Chee Mee Hu, managing director for Moody’s Investors Service.
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