The federal government supports P3
Recent administrations – Republican and Democratic – have overseen legislation and programs that support Public-Private Partnerships.
In 2015, Congress passed the Fixing America’s Surface Transportation Act (FAST) with an overwhelming bipartisan majority.
The Department of Transportation unveiled also in 2015 the Build America Transportation Investment Center (BATIC) to helping P3s access federal credit and navigate federal permitting and procedural requirements.
And the potential for Federal credit assistance for water infrastructure P3s was realized at the end of 2014 when Congress passed the Water Infrastructure Finance and Innovation Act (WIFIA).
Given the ongoing need for infrastructure and fiscal constraints, we expect the government will likely continue to support P3 programs.