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Build America Bureau Publishes Final Asset Concessions Grant NOFO

The Build America Bureau (BAB) released its second and final Notice of Funding Opportunity (NOFO) for the Innovative Finance and Asset Concession (IFAC) grant program in August. The program will award up to $45.98 million in technical assistance grants to public agencies considering asset concession projects or programs to enhance existing public assets. The new […]

PWF’s 3‐Step Guide to Getting More American Capital into American Transport Infrastructure

Transportation Secretary Sean Duffy joined the inaugural meeting of the Department of Transportation Advisory Board earlier this summer at the White House. Overall, the meeting was extraordinarily promising for American transportation P3s. Again and again, Secretary Duffy mentioned the need to find ways to leverage private investment and create projects that attract private capital, and […]

Priorities for 2026 Surface Transportation Reauthorization

As Director of Transportation Policy for Reason Foundation, I’ve been writing this monthly column in Public Works Financing for more than 25 years. For readers who don’t know much about this think tank, you can get some perspective by perusing our website (https://reason.org). We are a nonprofit public policy organization, with a journalism division and […]

UK Water: Cunliffe Report is In, and Ofwat is Out

The United Kingdom’s water industry is undergoing a tumultuous and critical reorganization, and it is far from over. The end results will reverberate well beyond the UK’s privatized water sector, and inform the broader debate over the role of the state and private sector in providing key public goods and services. Thames Water, the country’s […]

Rent-seeking in Megaprojects: The Case of Turkey’s Public-Private Partnerships for Roads

Original article by Ali Osman Solak This article explores how governance quality impacts the success of public-private partnerships (PPPs), focusing specifically on Turkey’s road infrastructure projects. Theoretically, well-structured PPPs offer benefits such as optimized risk allocation and increased efficiency. However, these outcomes depend heavily on robust governance frameworks that ensure transparency, accountability, and strong institutional […]