The US public-private partnerships market is experiencing a revival. Proximo explores why financial and policy conditions are helping to drive renewed activity

Delfin Midstream has assembled more than $5bn of strategic equity, bank debt, private credit and secured notes for the first offshore floating LNG export facility in the US. The emergence of a bankable deal followed a decade of regulatory uncertainty, and Delfin’s second vessel will test whether it is repeatable.

Acciona and Aberdeen have closed on what is likely the largest PPP to date in New Zealand transport to date. The deal marks a potential revival in the use of PPP in New Zealand, which has a chequered history.