Difference between revisions of "Public private partnership"
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| + | ==Introduction== | ||
Most transit agencies engage in some form of public-private partnership. An agency that engages with a private-sector firm to design or construct a transit plaza is engaging in a simple public-private partnership that distributes risk and responsibility between the public and private sectors to accomplish a project with a public benefit. Recently, as government has tightened its fiscal belt, transit agencies and other stakeholders have become interested in public-private partnerships as a means of attracting additional funding or accelerating project completion. However, public private-partnerships are often misunderstood. A public-private partnership must confer some benefit (usually a rate of return on capital) to the private sector partner. However, a common public perception of these partnerships is that they can amount to a taxpayer giveaway to the private sector. Achieving a balance | Most transit agencies engage in some form of public-private partnership. An agency that engages with a private-sector firm to design or construct a transit plaza is engaging in a simple public-private partnership that distributes risk and responsibility between the public and private sectors to accomplish a project with a public benefit. Recently, as government has tightened its fiscal belt, transit agencies and other stakeholders have become interested in public-private partnerships as a means of attracting additional funding or accelerating project completion. However, public private-partnerships are often misunderstood. A public-private partnership must confer some benefit (usually a rate of return on capital) to the private sector partner. However, a common public perception of these partnerships is that they can amount to a taxpayer giveaway to the private sector. Achieving a balance | ||
| − | Types of PPPs for | + | ==Types of PPPs for Transit Agencies== |
| − | + | In transportation, a Public-Private Partnership "involves one or more aspects of the funding, financing, planning, design, construction, operation and maintenance of a transportation facility" <ref>[http://www.ncppp.org/publications/TransitDenver_0806/APTA_RoundtableWhitePaper_080612.pdf American Public Transportation Association Task Force on Public Private Partnerships. "Public-Private Partnerships in Public Transportation: Policies and Principles for the Transit Industry." 2008.]</ref> | |
| − | Joint development | + | ===Joint development=== |
Public Perception | Public Perception | ||
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Unlock value or move projects forward in time. | Unlock value or move projects forward in time. | ||
| − | + | ==Notes== | |
| − | http://www.ncppp.org/publications/TransitDenver_0806/APTA_RoundtableWhitePaper_080612.pdf | + | < references /> |
| + | ===Additional Reading=== | ||
| + | [http://www.ncppp.org/publications/TransitDenver_0806/APTA_RoundtableWhitePaper_080612.pdf American Public Transportation Association Task Force on Public Private Partnerships. "Public-Private Partnerships in Public Transportation: Policies and Principles for the Transit Industry." 2008. | ||
Revision as of 23:46, 19 July 2012
Introduction
Most transit agencies engage in some form of public-private partnership. An agency that engages with a private-sector firm to design or construct a transit plaza is engaging in a simple public-private partnership that distributes risk and responsibility between the public and private sectors to accomplish a project with a public benefit. Recently, as government has tightened its fiscal belt, transit agencies and other stakeholders have become interested in public-private partnerships as a means of attracting additional funding or accelerating project completion. However, public private-partnerships are often misunderstood. A public-private partnership must confer some benefit (usually a rate of return on capital) to the private sector partner. However, a common public perception of these partnerships is that they can amount to a taxpayer giveaway to the private sector. Achieving a balance
Types of PPPs for Transit Agencies
In transportation, a Public-Private Partnership "involves one or more aspects of the funding, financing, planning, design, construction, operation and maintenance of a transportation facility" [1]
Joint development
Public Perception (giving away profits)
Unlock value or move projects forward in time.
Notes
< references />
Additional Reading
[http://www.ncppp.org/publications/TransitDenver_0806/APTA_RoundtableWhitePaper_080612.pdf American Public Transportation Association Task Force on Public Private Partnerships. "Public-Private Partnerships in Public Transportation: Policies and Principles for the Transit Industry." 2008.