Public-private partnerships poised for growth
The following excerpts are from the 2012 Mid-Year Keating Report, which includes analysis of federal, state, and local government finances, as well as an in-depth look at public works and transportation construction, public-private partnerships, the economy and government purchases.
More governments are looking to public-private partnerships (PPPs) to meet infrastructure needs, according to the 'Keating Report' from American City & County's sister publication Government Product News.
One expert who sees a growing use of public-private partnerships is Richard Norment, executive director of the Arlington, Va.-based National Council for Public-Private Partnerships (NCPPP). "As the fiscal challenges continue at all levels of government, the months remaining in 2012 will continue to see an expansion in the use of public-private partnerships (PPPs)," Norment told GPN.
Norment says "As public officials learn how to use evaluation tools like Value for Money (VfM), Public Sector Comparators and Full Life-Cycle Analysis, it will become increasingly apparent that private capital can be a cost-effective way to leverage the limited funds and other assets that the public sector has for addressing a growing range of infrastructure needs." …
Read the entire story from Government Product News, our sister publication.