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The twin spans of the Blue Water Bridges international crossing between the cities of Port Huron, Michigan and Sarnia, Ontario is one of the busiest border crossings between Canada and the United States.
In the third instalment of our Deep Dive into PPPs, we look at North America and find the private sector has to help the model transition to a more developer-owned or managed scheme.
Future of PPPs
Contractual rigidity, value-for-money questions and bad risk allocation all threaten to sink the model. Major intervention will be needed to bring it back to health.
The US presidential candidate unveiled a ‘community-driven’ plan that would encourage local governments to fix existing infrastructure and invest in major, long-term projects.
Number 10 Downing Street
The UK government’s ‘infrastructure revolution’ could come with a change to how Treasury assesses projects’ value for money. That would help explain why the private sector’s role in it appears limited.
Airplane
But interest from the private sector was strong with 18 firms expressing interest in operating Lambert airport under a PPP agreement that would have generated $2bn in net proceeds for the city.
Private Equity International’s LP Perspectives Survey quizzed 146 institutional investors to ascertain where they stand on Elizabeth Warren’s proposals.
OPIC’s David Bohigian explains how Blue Dot Network, a multilateral initiative backed by the US, Australia and Japan, will establish best practices that will serve ‘as a seal of approval on project excellence’.
he new CEFC-administered Grid Reliability Fund follows an academic report that found the federal government should facilitate investment in transmission infrastructure to ensure emissions continue to fall.
The chief executives of Qantas and Virgin Australia have hit out at infrastructure investors in a joint appearance in Canberra, calling for greater government intervention in the sector.
Tokyo skyline, Japan
The new fee to fund grid construction and maintenance could dampen investors’ confidence as the country looks to develop its offshore wind sector, experts say.
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