Abstract: Public-private partnerships are a realistic avenue for infrastructure financing, particularly in light of slashed government funding. Alone, the government cannot finance new transportation projects and the private sector cannot easily negotiate acquisition of right-of-way. Together, though, they can finance, design, build, and operate transportation facilities at the lowest possible cost. Each side contributes resources and each side accepts some project risk. This article explains the responsibilities of the government and the private sector in public-private partnerships.
Publication Year: 1996
Publication Date: 1996-09-01
Language: en
Type: article
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