The Makings of a Successful Total Concession Public-Private Partnership

By: Anita Sabine
– American Infrastructure Online

Public-private partnerships (P3) are a relatively new phenomenon in the United States, where the public sector partners with private enterprise in order either build or renovate a public project or raise needed public funds. The beauty of partnering with private real estate developers for governments is that while the P3 shifts the day-to-day operational burdens of the project from the public agency to a private entity with the technical and operational expertise to run it most efficiently, the public entity is able to retain a share of the long-term revenue streams from the project.