November 30, 2022

Volume XII, Number 334

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November 30, 2022

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November 29, 2022

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November 28, 2022

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Key Takeaways | The Current State of the US P3 Market [VIDEO]

On September 28, McDermott Partner Emeka Chinwuba and Star America Infrastructure Partners’ Michael Rueger and Kamil Seidl discussed the effects of the Infrastructure Investment and Jobs Act (IIJA) on the P3 market and what impact the Inflation Reduction Act will have on future energy projects. They also provided an outlook on secondary and brownfield assets and addressed barriers to bridging the funding gap.

 

 

Below are key takeaways from the discussion:

1. There has been an increase in capital raise activity amongst financial sponsors in anticipation of a robust pipeline of infrastructure projects as the impact of IIJA begins to permeate through the US P3 market.

2. Progressive P3 procurement models continue to gain traction as total procurement and project costs can be significantly reduced, especially since the risks can be better defined before pricing is locked in.

3. Political risks remain a concern, especially for user-fee-based infrastructure projects, and the need for P3 champions on a project-by-project basis remains essential to the growth and continued diversification of the market.

To access past webinars in the Navigating the New Energy Landscape series and to begin receiving Energy updates, including invitations to the webinar series, please click here.

© 2022 McDermott Will & EmeryNational Law Review, Volume XII, Number 273
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About this Author

Emeka Chinwuba Infrastructure Attorney Mcdermott
Partner

Emeka C. Chinwuba’s practice focuses on project development and financing transactions, particularly for power and infrastructure projects in North America, South America, Middle East and Sub-Saharan Africa. His practice also includes US public private partnerships for transportation and social infrastructure projects, as well as general bank finance transactions, including acquisition financings, investment grade financings and asset-based lending transactions.

Emeka previously worked in the United Arab Emirates advising on the development and...

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