John Hennessy III,
P.E.
At a time when project needs are so great throughout America, it is hard to understand why some cities and states have not endorsed public-private partnerships (P3s). Billions of funding support is available for critically needed efforts, but many of the federal funding programs require some percentage of private sector investment, so the projects become […]
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by Mary Scott Nabers A federal program that allocates funding for initiatives that ‘connect communities’ is responsible for hundreds of new projects in America. Because of its unique success, the program is also credited as the impetus for hundreds of similar projects that now receive funding from other sources. The U.S. Department of Transportation oversees the […]
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by Mary Scott Nabers There’s too much confusion about public private partnership (P3) engagements. That really needs to change. Unless something significant alters public funding for infrastructure projects in the next several years, P3 engagements will likely become one of America’s most common forms of project delivery for government. Every jurisdiction has benefitted significantly over the […]
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Public-private partnership (P3) engagements are continually becoming more common and that is because of two basic reasons. First, significant amounts of funding are required – but rarely available – for large and complex projects that carry multi-million-dollar project costs. Secondly, many projects require specific types of unique expertise that public entities do not have available […]
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Public officials at the state and local levels of government are seeking alternative sources of funding to deal with thousands of infrastructure issues that threaten their economy and the well-being of citizens. Large cities and counties have no trouble finding interested private-sector investors. That’s not been the case, however, for small communities and rural areas in most states. That is now changing.
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Infrastructure asset recycling is a means of increasing investment in infrastructure, both existing and planned. The basic idea calls for long-term leasing of aging existing facilities to well-qualified private partners and “recycling” the lease proceeds into new (but currently unfunded) infrastructure.
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Big infrastructure projects, typically, are one of those places where the government really does have a big role and the private sector has a big role and it’s sort of not a place for citizen volunteerism at the larger scale. I think there’s a real role for local civic and local planning…While a community may not be capable of figuring out whether the Tappan Zee Bridge needs to be replaced, they do know that this particular road floods every time it rains and that’s something that the government people often don’t know.
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The lack of affordable housing has become a national problem. The Urban Institute reports that for every 100 low-income American households seeking affordable apartments, fewer than 30 units are available. And the National Apartment Association reports 4.6 million new units will be needed by 2030. City leaders need homes near the heart of the city for people who are employed by law enforcement, fire departments, emergency response units, school districts and health care facilities… and in most urban areas, affordable homes simply don’t exist.
View this complete post...Written by Mary Scott Nabers President and CEO, Strategic Partnerships Inc. Since the release of President Trump’s infrastructure plan earlier this year, not a lot has happened…at least not much related to funding. And, there are few signs that anything will happen anytime soon. The idea of infusing $200 billion in federal funds to spur […]
View this complete post...The new rule, Private Investment Project Procedures (PIPP), which is scheduled to go into effect June 29, lines up with the administration’s goal of encouraging private investment in infrastructure projects nationwide. The President’s original infrastructure plan was for the federal government to invest $200 billion in order to encourage more than $1.5 trillion in investment revenue from other sources.
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