Public-Private Partnerships: The US Perspective
Public-private partnerships are complex, highly technical arrangements best suited to large-scale infrastructure assets with ongoing maintenance requirements. Wider adoption of PPPs in the US will require demonstrating to public officials and taxpayers alike the tangible benefits in cost savings and efficiency. To rebuild its crumbling infrastructure, America may at last be ready to fully embrace public-private partnerships (PPPs) - out of necessity, convenience, or a combination of the two. Indeed, it may have little choice if it hopes to retain its competitive position in the world economy.