At a glance
- President Trump has signed a transportation stopgap, multi-year reauthorization remains a top priority, and the same issue tracks a Virginia city heading toward a P3 decision, alongside Lisa Best's analysis of why politics, previous experience and community concerns have left one major project on the back foot.
- The connective thread runs through the quieter items.
- The hire is a bet that a multi-year bill eventually arrives, and the stopgap says it has not arrived yet.
P3 Bulletin's roundup this week is mostly quiet news with a policy edge: GDOT is seeking advice on its alternative-delivery program, South Carolina has named new innovative-finance leadership, a group of senators has introduced legislation to expand the federal financing toolkit, and USDOT wants Union Station to "mirror" Penn Station's redevelopment. President Trump has signed a transportation stopgap, multi-year reauthorization remains a top priority, and the same issue tracks a Virginia city heading toward a P3 decision, alongside Lisa Best's analysis of why politics, previous experience and community concerns have left one major project on the back foot.
The connective thread runs through the quieter items. Equitix has appointed a new capital-formation lead, a P3 veteran from Squires is taking a Washington leadership post, and Forvis Mazars is bolstering its US infrastructure-finance team, moves that happen before procurements are launched, not after: advisory mandates, policy seats, and fundraising capacity stacking ahead of a pipeline. The deal items in the same roundup skew toward less prominent corners — John Laing's debut US water investment, Concert's bullish read on Canadian P3s, and a search for advisors on a Canadian waterfront development — while Latin America's pipeline remains the most active part of the page, with Peru still driving the P3 market as regional pipelines wane, Colombia's $290 million highway holding a green light, and Panama seeking consultants to decarbonize public transport.
This publication has tracked the pattern in recent weeks — road deals ceding the P3 center to water, rail, and federal tools while flagship road deals stay stuck — and this issue suggests the pattern extends to the layer beneath the deals. The tension between Equitix's new capital-formation lead and Washington's stopgap is that, in the P3 slice of the market, a fundraising team can only move as fast as governments commit to procurement pipelines, and a transportation bill that lurches from stopgap to stopgap leaves GDOT and its counterparts issuing advice-seeking mandates instead of requests for proposals. The hire is a bet that a multi-year bill eventually arrives, and the stopgap says it has not arrived yet.
Reported by the Transport & public-private desk from P3 Bulletin. Published . Corrections