For the first time in history, the states of New Jersey, Delaware and Pennsylvania have (Public-Private Partnership) “P3″ legislation in place to enable important projects. http://www.selectgreaterphiladelphia.com/news/newsletter/2012/8/articles/p3.htm?utm_source=Listrak&utm_medium=Email&utm_term=http%3a%2f%2fwww.selectgreaterphiladelphia.com%2fnews%2fnewsletter%2f2012%2f8%2farticles%2fp3.htm&utm_campaign=Momentum
The Pennsylvania P3 Act (Act 88 of 2012) authorizes the creation or improvement of a “transportation facility” such as bridges, roads and parking lots, but also includes multimodal facilities, airports, terminals and ports, together with their associated structures. New Jersey has used P3′s to develop two new light rail lines (Hudson-Bergen and Camden-Trenton) as well as a highway tunnel link in Atlantic City. The State of Delaware, which enacted P3 legislation in 2003, is using a public-private approach for several major highway projects.
Since my company, Blue Isis has been part of public-private partnerships, we know that this can be a win-win way to “make it happen”. What other public-private partnerships have you seen work?