As part of ABC’s partnership with the National Council for Public-Private Partnerships (NCPPP) to educate lawmakers and the construction industry about the benefits of public-private partnerships (P3s), ABC is sponsoring a conference June 27 at the Baltimore-Washington International Airport Hilton that will address Maryland’s recently enacted law and other state and local laws enabling P3s. Register now and view the agenda featuring Md. Lt. Gov. Anthony G. Brown (D) here: http://www.ncppp.org/events/ncppp-events/building-maryland-through-ppps/
Maryland joins the growing number of states that have passed legislation in support of the use of P3s. This workshop will describe the tools and methods to be used for a range of partnerships, at both the state and local levels.
P3s are defined by the NCPPP as: “a contractual arrangement whereby the resources, risks and rewards of both the public agency and private company are combined to provide greater efficiency, better access to capital, and improved compliance with a range of government regulations regarding the environment and workplace.”
They can help alleviate budgetary issues for public projects and, according to the NCPPP white paper on P3s, they also can help improve the quality of services offered. P3s have been used in the U.S. for more than 200 years and thousands are currently operating today to deliver services or facilities used for water/wastewater, energy, transportation, urban development and social services. In addition to infrastructure, P3s are effective in military housing, courthouses and higher education projects.
Thirty-five states have P3 legislation in place, to some degree, with some laws better than others.
For more information, visit www.ncppp.org
and download the NCPPP In its P3 white paper, “Testing Tradition: Assessing the Added Value of Public-Private Partnerships.”