Public-Private Partnership (P3) Project Financing

What is it?

DirectLenderMatch classifies Public-Private Partnership (P3) Project Financing under the financing form “Project finance.” Its typical use in this directory is: Finance public infrastructure with private capital.

How does it work?

The structure is generally evaluated, supported, or secured using the following basis: Concession/project cash flows. Exact underwriting, eligibility, terms, and availability are provider-specific and can change.

What can it be used for?

Finance public infrastructure with private capital.

What backs or supports it?

Concession/project cash flows.

Why does this structure exist?

This structure provides a defined way to address the financing need described above. The provider, transaction, collateral, and underwriting context determine how the structure is implemented in practice.

Important considerations

Confirm current costs, risks, licensing, eligibility, collateral treatment, recourse, tax consequences, and availability directly with the provider and appropriate professional advisers. DirectLenderMatch does not compare rates or recommend products.

Is this actually a loan?

Loan or credit structure

Workbook classification: Yes/Hybrid. Financing forms such as leases, purchases, shared equity, advances, and guarantees may solve a funding need without being conventional loans.

Verified lenders or providers

Direct bank / project-finance provider

KeyBank N.A. / KeyBanc Capital Markets

Key's public-sector platform currently lists Public-Private Partnerships and project finance capabilities.

Official evidence page →

Last verified: 2026-08-23