Congress mulls P3 support
Two measures on Capital Hill have been proposed to prop up available financing for US public-private partnerships in the infrastructure sector. The first is legislation that has been proposed to repeal the alternative minimum tax applied to Private Activity Bonds. While the move might make PABs slightly more attractive to investors, and thus reduce the cost of raising funds for project sponsors, PAB issuance will continue to be hampered by the lack of a robust monoline market.
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