Caitlin Devitt

A strong project pipeline has P3 advocates hopeful for the future, despite some lackluster recent numbers.

The measure "sets the table for a likely big tax bill next Congress," said Charles Samuels of Mintz Levin.

"This bipartisan FAA reauthorization bill is the product of endless hours of negotiation and debate and will transform several aspects of flying in the years to come," said Aviation Subcommittee Ranking Member Rep. Steve Cohen, D-Tenn.

"It's getting frantic out there," when it comes to competitive grants and drumming up local matches, said William Murdock, executive director of the Mid-Ohio Regional Planning Commission, speaking at a local government event during Infrastructure Week in Washington, D.C.

The ASCE in a report analyzing future infrastructure needs says it will take a mix of public and private funds to narrow the funding gap.

The nation's 3,300 airports face $151 billion in infrastructure needs over the next five years, according to the 2023 U.S. Airport Infrastructure Needs Report.

The approval clears the way for groundbreaking on a bridge that the two states have been trying to replace for 12 years.

Even as Florida advances a pair of bills expanding the state's already broad public-private partnership authority, the P3 message from the state's debt office appears less than enthusiastic.

"One big challenge is the amount of advocates that we've had in Congress that will be retiring or no longer running for re-election," said SIFMA's Leslie Norwood.

"It'll be very interesting to see when an event happens or the market get sloppy, what the secondary market does," said a sellside panelist at a Bond Buyer market outlook panel in Florida.