Public–Private Partnerships for Infrastructure Development
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Public–Private Partnerships for Infrastructure Development

Finance, Stakeholder Alignment, Governance

Edited by Raymond E. Levitt, W. R. Scott and Michael J. Garvin

Large infrastructure projects often face significant cost overruns and stakeholder fragmentation. Public-Private Partnerships (PPPs) allow governments to procure long-term infrastructure services from private providers, rather than developing, financing, and managing infrastructure assets themselves. Aligning public and private interests and institutional logics for decades-long service contracts subject to shifting economic and political contexts creates significant governance challenges. We integrate multiple theoretical perspectives with empirical evidence to examine how experiences from more mature PPP jurisdictions can help improve PPP governance approaches worldwide.
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Chapter 11: Private participation in US infrastructure: the role of regional PPP units

Carter B. Casady and R. Richard Geddes

Abstract

More than 30 states in the United States (US) have adopted public_private partnership (PPP) enabling laws designed to create a stable legal structure and institutional framework to attract long-term investment in public infrastructure projects. However, to participate more effectively in supporting PPP program and project development, many advanced countries, such as Canada and Australia, have created regional units to better assist the development and implementation of PPP projects. Such units can assist individual projects by increasing public sector expertise and capacity to help reduce contracting and oversight risks, keep abreast of best practices from other jurisdictions, and aid in marketing regional opportunities for infrastructure development. Based on the example of the Western High Speed Rail Alliance and the West Coast Infrastructure Exchange, a possible seven-region PPP system is proposed to plan, guide and support PPP development in the US.

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