By Gregory Johnson and Peter Gould (July 1, 2022, 4:38 p.m. EDT) — A public-private partnership, or P3, is a form of delivery of infrastructure projects and public facilities that is used by federal agencies and state and local governments, for a variety of public projects.
These projects have included housing for military families and other improvements at the federal level, as well as toll roads, airports, transit, and other public infrastructure at the state and local levels.
PPPs are an increasingly popular method of delivering infrastructure projects in the United States, primarily based on improved certainty of delivery; risk allocation between the public and private sectors; public authorities’ access to the benefits of innovation…
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