Meridiam partner and chief executive for North America, Nicolas Rubio, speaks to Jonathan Davies about the growing diversification of the P3 sector - and the challenge of turning pipelines into projects.

Rubio also discusses:

• Rising demand for contractors
• New opportunities in the sector
• Progressive P3s
• Improving permitting

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Haymarket is launching the Kármán Line, the only channel dedicated to the UK space industry.

Whether you're an investor, innovator, lawyer or scientist, if you want to keep up to date with this fast moving, full-of-potential sector listen to our interviews with the leading figures. In this first one Dr Alice Bunn, former-international director of UK Space Agency and now president of UKspace, joins the show.

More to come. Subscribe here.

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The team confront market worries over the depth of capacity throughout the supply chain to manage a growing number of major infrastructure projects. Where are the bottlenecks, how can projects maintain a health competition, and what does it all mean for the future of progressive P3s?

They consider:

• Questions of competition - 4:02
• Where can progressive P3 models fit? - 7:02
• Bringing more players to the table - 10:23
• Finding the people to deliver the projects - 17:00

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This week, Paul Jarvis and Jonathan Davies discuss the recently published Infrastructure Pipeline Report.

While the UK’s narrow PPP pipeline may still be restricted to a small number of health centres, the Pipeline includes a wide range of opportunities for private finance to support infrastructure development.

The team consider how the report uncovers a number of new opportunities and outlines what the infrastructure investment landscape looks like for the UK in 2026. They discuss:

• The energy transition opportunity - 5:09
• How social infrastructure is on the comeback trail - 7:30
• Where devolution fits into the plan - 9:42

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Following last week’s Year Ahead conference in London, the team consider the positive atmosphere and the growing interest in the UK’s PPP pipeline.

Beginning with the newly announced Scottish pipeline, the event underlined the slow but building momentum that is starting to be seen both north and south of the border.

The conversation also takes in:

• TheUK’s plans set in the global context - 4:15
• Is Westminster tinkering too much with PPP? - 10:35
• Trying to be patient for the new PPP projects - 12:08
• What is the alternative to PPP? - 15:53

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Having tackled the UK, Europe and beyond in last week’s episode, Paul and Jonathan reconvene to assess the state of the North American market in 2026.

Starting out with a discussion on the big project developments of recent weeks, the team move on to consider a number of issues, including:

• What can California HSR learn from the Sepulveda Transit P3? - 9:19
• The role of P3 in the defense sector - 11:42
• Capacity questions - 14:30

To listen to our outlook for 2026 outside the North American market, click here.

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Setting the scene for our Year Ahead conference on 22 January, the team take a look at what is happening in the UK market, before looking further afield.

Starting with the prospects for the new PPP model and the plans for Neighbourhood Health Centres, the conversation looks at a wide number of opportunities that will be merging in the market over the coming year.

Topics include:

• Learning the lessons and the experience of Stoke schools PFI - 10:12 
• UK megaprojects - 16:55
• European and Middle East potential - 19:05

And look out for next week’s episode, in which we focus our attention on the North American market in 2026.

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Major airport projects look to be back in vogue in the US, led by the recent announcement on Dulles Airport.

https://www.partnershipsbulletin.com/article/1941877/p3-plans-sought-dulles-revamp

In our last episode of 2025, the team discuss what we can expect to see as we head into 2026 in this market.

Topics include:

• The politics surrounding new airport projects - 5:00
• Beyond JFK and Dulles - what else is on the horizon? - 8:25
• Learnings from our recent roundtable - 15:56

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Sia Kusha, group head of business development and partnering at Plenary Americas, speaks to Jonathan Davies in this second of a two-part interview. They look at the federal infrastructure landscape across North America, plus:

• Potential of surface transportation reauthorization - 4:01
• Bringing “American dollars” into projects - 8:39
• A view on Canada’s P3 landscape - 13:44

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Sia Kusha, group head of business development and partnering at Plenary Americas, speaks with Jonathan Davies about the P3 landscape and how the model is developing. They also consider:

• The concept and evolution of risk transfer - 5:37
• Political and regulatory uncertainty - 7:55
• Innovation in the procurement approach - 12:00
• Horizontal versus vertical infrastructure progress - 15:03

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