WASHINGTON--Market participants are pushing for states or the federal government to take a "programmatic" rather than a piecemeal or project-by-project approach to financing infrastructure through public-private partnerships.

But states may be better equipped than the federal government to assemble a P3 program, and the Georgia Department of Transportation's newly launched multi-project P3 initiative could provide a case study, some said last week at The Bond Buyer's 10th annual Transportation Finance/P3 conference in Dallas.

"Right now it's too fractured" in the P3-financed infrastructure sector, Chee Mee Hu, managing director for Moody's Investors Service, said during an interview last week, adding, "It's almost opportunistic rather than programmatic" how P3s are evolving now in the U.S.

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Posted by claire at November 10, 2009 7:13 PM