2011 · 48 citations · 4 references
Public AffairsPublic AdministrationPublic PolicyInfrastructure PolicyPublic ExpenditurePublic ProcurementInfrastructure FinancingInfrastructure FundingPublic Infrastructure FinancePublic-private Partnership EconomicsPublic-private Partnership FinancePublic-private PartnershipsInfrastructure Projects FundingPartnership FinancingPolicy Formulation ProcessPpp Project FinancePrivate Sector GovernancePublic-private Partnership ContractsPublic-private Partnership DevelopmentTechnical Capacity
Summary In a time of constrained public budgets, leveraging private-sector financial resources and exper tise to deliver a range of infrastructure projects has growing appeal. However, these public/private partnerships (PPPs) are often complicated contracts that differ significantly from project to project and from place to place. In the United States, many states lack the technical capacity and expertise to consider such deals and fully protect the public interest. To address this problem, countries, states, and provinces around the world have created specialized institutional entities—called PPP units—to fulfill different functions such as quality control, policy formulation, and technical advice. This report recommends that U.S. states should:
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