U.S. airports' funding crunch – are P3s the answer?

Although the United States has failed to sell the idea of leasing its airport terminals to the private sector over almost 25 years since the first airport privatisation programme was initiated, various events have made the public-private initiative (PPP OR P3) more popular with municipal owners.

Now the P3 is shifting into other areas of operation, with people movers and consolidated car rental facilities top of the list.

Based on some short articles by the Reason Foundation, this CAPA report examines various examples, including a groundbreaking financial deal in New York, and also where this movement might go next.