CHICAGO — The increasingly popular design-build-finance model works best for transportation projects that are more than $100 million and owned by a sophisticated public issuer with strong credit, panelists said Friday at The Bond Buyer's annual transportation and P3 conference here.

The DBF landscape is uneven but more issuers are considering the model, panelists said. Florida has been doing them since 2004, while Ohio is about to embark on its first one, a $330 million bridges project in downtown Cleveland.

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