The House Transportation and Infrastructure
Committee’s bipartisan special P3 Panel released its final report. The report
provides recommendations on how to balance the needs of the public and private
sector when financing infrastructure.
The role of the panel was to identify:
·
the role such partnerships play in the
development and delivery of transportation and infrastructure projects;
·
whether public-private partnerships enhance the
delivery and management of infrastructure projects beyond the capabilities of
government agencies or the private sector acting independently; and
·
how to balance the needs of the public and
private sectors when identifying, developing, and implementing public-private
partnership projects
The panel provided three major recommendations
that focus on:
1) improving public sector capacity;
2) breaking down barriers to
consideration; and
3) ensuring transparency and accountability.
The full
recommendations and report can be found at http://transportation.house.gov/uploadedfiles/p3_panel_report.pdf
It is expected that the panel’s recommendations
will be used as a resource during the development of the next surface
transportation bill.