Governments are increasingly turning to public-private partnerships in the United States, with the aim of implementing public infrastructure works. Here’s why the benefits of P3 project delivery, not just financing, will continue to shift the market in this direction.
If this topic is relevant/interests you, it's a fascinating read. I'm certainly not stating this would be a totally new concept in the UK, having just placed The Director of Development in Manchester City Council, I'm very aware of how well public & private partnerships work brilliantly well together. In my mind the scale of this shift is staggering, as are the figures being discussed. There is definately a large shift in thought processes, as the old adage states, 'when America sneezes the world catches a cold!' Let us watch this space.
A 2016 study by Syracuse University concluded through dozens of owner and concessionaire interviews for US-based projects that there is a significantly higher likelihood of meeting cost and schedule objectives under P3 models compared with traditional public sector project delivery where a project is owned, managed, and financed by government.