U.S. public-private partnership activity weakened last year but the longer-term trend of a rising number of P3s held strong while the future boasts a healthy project pipeline and infrastructure funds looking to invest. The southeast region remained the frontrunner in the space, with big-ticket projects queued up in Georgia, Louisiana and Tennessee. Availability-payment P3s remained more popular than revenue-risk deals. Public pension funds continued to show interest in investing in infrastructure, though most had to leave the U.S. to find suitable assets for investment. Infrastructure fund investment dropped significantly but the five-year total raised by the top 100 funds reached $1 trill
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