THE HERITAGE FOUNDATION
Given tight federal budget restraints and shrinking transportation trust fund revenues, states and the federal government need to find alternative financial resources to finance needed transportation infrastructure projects, especially maintaining and expanding the capacity of the Interstate Highway System. Increased use of public–private partnership contracts (P3s) promises to help finance some of the needed infrastructure projects, but the federal government needs to allow states more freedom to use P3s, and states need to adopt the policies and practices needed to use P3s effectively.
Posts Tagged ‘Public-Private Partnerships’
Can Public–Private Partnerships Fill the Transportation Funding Gap?
Tuesday, January 17th, 2012Risks and Rewards of Public-Private Partnerships for Highways
Friday, January 6th, 2012REASON FOUNDATION
Public-Private Partnerships (PPPs) for infrastructure are contracts between public and private entities for the provision of facilities in areas such as power, water, transportation, education and health. Well-written PPP agreements specify the allocation of risk, which should create incentives for the private provider to deliver more efficiently and in a timelier manner than would be the case if the project were undertaken by a state-controlled entity.
The Promise and Risks of Public-Private Partnerships
Monday, April 5th, 2010A recent series of events, notably an invitational conference on Public-Private Partnerships convened by the National Conference of State Legislatures (NCSL), has focused attention on the role of public-private partnerships (PPPs) in transportation, and underscored once again the need to more clearly define the proper federal role in PPP oversight.
To share its findings with the transportation community and seek its input, the NCSL invited an influential group of state legislators and leading members of the transportation community to a meting on March 26 to consider the next steps.
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