Difference between revisions of "Public private partnership"

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(Joint development)
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===Real Estate===
 
===Real Estate===
 
====Joint development====
 
====Joint development====
See [[value-capture finance]]
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See [[value-capture finance#Joint development|article on value-capture finance]]
 
Public Perception
 
Public Perception
 
(giving away profits)
 
(giving away profits)

Revision as of 23:51, 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] In practice, this can take several forms.

Real Estate

Joint development

See article on value-capture finance Public Perception (giving away profits)

Unlock value or move projects forward in time.

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.