As many urgent updates to the United States? infrastructure continue to be derailed by a lack of funding, the use of public-private partnerships, also called P3s or PPPs, is providing a viable path to completion for an increasing number of these projects.
Few dispute the fact that many of America?s water systems, bridges, and other infrastructure desperately need updating or outright replacement. The American Society of Civil Engineers? (ASCE) Infrastructure Report Card most recently gave the country a ?D+? in 2013 ? up slightly from a ?D? in 2011.
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