Congress battles will delay US infrastructure package
Tuesday, July 25, 2017
Significance
No progress has been made on infrastructure spending after the White House pledged in April to publish its plan.
Impacts
- Transport PPP deals will increase, concentrated in metropolitan areas and bypassing many Southern and Midwestern states.
- Most US states face a steep learning curve for effective PPP implementation, creating fiscal risks if they sponsor deals that fail.
- Toll and infrastructure funds such as Australia’s Transurban and Macquarie, Spain’s Cintra and Canada’s Brookfield will win business.
- Efforts to lift the 1956 federal highway tolling ban are likely to be blocked by the trucking industry.