• The number of states with laws facilitating public-private partnerships (P3) for capital projects has risen from 21 to 32 in the last 2½ years, but every state has done least some P3 work.
• Some municipalities have filed for bankruptcy, and few are in a position to take on projects that they know they need. State and local governments likely face another four or five years of financial hardship before getting back to 2007 levels.
• The National Council for Public-Private Partnerships says the biggest opportunities appear to be projects valued at $40 million to $100 million.

From the article:

It’s no secret the public sector has money problems. Some governments are on the verge of bankruptcy, and it’s expected to take another four or five years for most state and municipal budgets to return to 2007 levels. Pile on extensive infrastructure problems and governments are pretty much left with three options: continue postponing capital improvement projects, raise taxes or explore the possibility of a public-private partnership (P3)....