Blinken: P3s key to global infra challenge

US Secretary of State Antony J Blinken has highlighted the role of P3s in delivering long-term sustainable infrastructure.

Speaking at the US Partnership for Global Infrastructure and Investment Investor Forum, Blinken said there is “an almost insatiable demand for high-quality infrastructure” around the world, but added that governments “simply can’t do this on their own, nor should they”.

He continued: “Our role is to figure out how we can build more effective public-private partnerships and in particular what we can do in places where there may be challenges to de-risk the investments and bring them to scale.”

Blinken added that while the G7 countries have together pledged to mobilize $600bn in infrastructure investment by 2027, this won’t work “unless we have the strongest possible public-private partnership and unless the government is maximizing its efforts to make sure that we’re creating the right kinds of environments in which investment can go forward”.