The US is known for some of the world’s largest P3 projects. Whether it’s LaGuardia Airport in New York, Maryland’s Purple Line or the Sepulveda Transit Corridor currently in procurement in California, there has always been a smattering of projects across the country that offer investors the chance to put a large amount of cash behind a deal.
Sean Agid, CIP’s Chief Business Officer, is featured in the article where he explains, “Smaller projects are necessary because the US public sector is extremely fragmented down to the local level. For example, you have the federal level, passing money down to 50 states, with hundreds of municipalities in each state . . . When you’re working with mega-cities and large authorities, the bureaucracy means it can take years to get deals done. Mid-sized authorities are able to move a lot faster due to having a smaller number of decision-makers.”
