''Institutional investors are looking for large projects and predictability in terms of revenue and regulation, he said.''
That doesn't sound like transit, hospitals, and prisons to me. The Feds provide the seed money - the taxpayers' dollars - to get the fund rolling, which is suppose to attract P3 investment money from private sources. Unless there's a profit to be made, why would any private investors pony up money for bridges, highways, hospitals, etc? Those are depreciating assets - unless of course, they're turned into profit centres, or are financed by other profit centres like ports, etc. Private investors want to see profits. Sounds to me like this is a public risk, private profit deal.
Awfully hazy right now - this needs to be very carefully watched. This has the potential to be a cash cow for a whole lot of private investors at the expense of the public.