PP's are a viable but still developing source of financing and risk transfer for infrastructure delivery in the US.
Lessons are still being learned and the concept being refined, but the infrastructure financing gap will not be closed with out more private participation.
As the U.S. grapples with a growing list of transportation infrastructure needs and limited public funds, more states are looking to public-private partnerships as a means of fixing and replacing aging bridges, tunnels and roads. But is there a downside for taxpayers? PBS NewsHour Weekend's Christopher Booker reports.
As Gov TERRY MCAULIFFE: says : "I like it (P3) because you’re bringing the business sector in.
And I always think, you know, it’s important for business to have a reasonable profit. I think it’s important if you can have a business in. I think that helps.
But if you can extend out and get more bang for your buck, and I can get more transportation done by bringing the private sector in, where I’ve protected the taxpayers on the risk piece, we’ve done the transfer of risk, and the private sector can make a reasonable profit, that’s a win/win for everybody."