- May 2010 Vol. 3 No. 5

To read this full article you need to be subscribed to Institutional Investing in Infrastructure

P3 in the United States: Recession Could Open the Door for More Private Activity

by Ryan Garner

As divisive as they are alliterative, public-private partnerships (P3s) combine public need with private expertise or investment, helping governments combat the global recession and finance numerous infrastructure improvements around the world. P3s have become an increasingly common financing mechanism for many types of urban infrastructure, including transportation systems, communication networks, energy grids, water and wastewater treatment plants, and social infrastructure assets.

P3s can take many forms. Sometimes they involve attracting private sector capital to replace or fill the gap left by public funding shortfalls. Partnerships also can take the form of long-term operating and maintenance contracts that transfer risks and costs to the private sector. Partners from the private sector are paid for developing and operating a facility and maintaining it for public use, while the public sector receives the revenues from any user fees. In this scenario, the parties involv

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy