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Private capital is doing its part to meet North America’s infrastructure needs. Despite the continued absence of the $200 billion in federal funds and the new infrastructure bill that President Donald Trump promised in his 2018 State of the Union address, investment continues in the US’s energy revolution, as well as in many successful PPP projects in Canada.

PPPs have proven more problematic in the US than they have in its northern neighbour, with major players such as SNC-Lavalin and Swedish construction firm Skanska both stepping back from the market after experiencing losses.

However, on the theme of major players, they don’t come much bigger than Blackstone, which has raised $14 billion for a North America-focused fund, bringing the promise of plenty more activity in the future.

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