...Surge of financing. On the heels of lower interest rates in the first half of 2022, there were multiple refinancings of debt on public-private partnership (P3) toll roads, as well as new issuances. Rising interest rates could temper this trend. Increased focus on construction risks. While some projects are either on track or just completed construction, some are seeing significant delays owing to the COVID-19 pandemic, and, more recently, dump truck disruptions around Toronto....