As localities increasingly pursue public-private partnerships to fund much-needed infrastructure projects, Ryan Holeywell explores the promise and pitfalls of this popular financing arrangement. Are dissenting voices being stifled?
"Public-private partnerships (P3s) are clearly on a roll," observes Holeywell. "Last year’s congressional highway authorization vastly expanded the scope of federal mechanisms that provide low-interest loans for projects that typically involve privatization. In addition, the number of states that have passed legislation to enable privatization is on the rise. Many people see P3s as a game-changer: the best, and possibly only, way to repair and replace the country’s public works."
"Little, however, is said about the downside," he adds. "There’s a growing cadre of academics, activists, and state and federal auditors who question these public-private deals, but their voices aren’t always heard."
"Increasingly, it seems the discussion of P3s isn’t about whether it’s wise for governments to enter the deals; it’s about how governments can best facilitate them."
FULL STORY: Public-Private Partnerships Are Popular, But Are They Practical?
Four TEXpress Lanes Open on I-35 West in Fort Worth Ahead of Schedule
Four miles of the 10-mile North Tarrant Express project opened to motorists on April 5. The $1.6 billion project, built by a public-private partnership working with TxDOT, includes rebuilding general purpose and frontage road lanes.
Construction of I–66 Toll Lanes Outside the Capital Beltway Begins this Weekend
Widening of Interstate 66 for 22.5 miles in Northern Virginia will accommodate two toll lanes in each direction, accessible to trucks. The $3.7 billion project, to be built by public-private partnership at no cost to the state, will open in 2022.
Public-Private Partnerships: Cost-Effective or Cash Cow?
Public-private partnerships between local governments and private contractors have the Trump Administration's favor. But in a "P3 market in its infancy," can they cut costs or simply line pockets?
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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Mpact (formerly Rail~Volution)
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HUDs Office of Policy Development and Research
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