Public-Private Partnerships (PPPs) for infrastructure are contracts between public and private entities for the provision of facilities in areas such as power, water, transportation, education and health. Well-written PPP agreements specify the allocation of risk, which should create incentives for the private provider to deliver more efficiently and in a timelier manner than would be the case if the project were undertaken by a state-controlled entity. States are increasingly using PPPs to deliver new transportation capacity, thereby improving road access without unduly increasing the burden on taxpayers. PPPs come in many forms, including both development of new infrastructure (“greenfield” projects) and maintenance and improvement of existing infrastructure.
Get weekly updates from Reason.
Today's Top Topics
Risks and Rewards of Public-Private Partnerships for Highways
The reasons public-private partnerships are being used to fund infrastructure
This Study's Materials
- Risks and Rewards of Public-Private Partnerships for Highways, PDF, 371.6 KB
- How to Avoid Closing Washington State Parks (5/17)
- Give Managed Lane Conversions Time (5/16)
- Why is the CDC Being Anti-Science on State Liquor Privatization? (5/14)
- Louisiana Republicans Introduce Bills to Replicate Massachusetts's Pro-Union, Anti-Privatization “Pacheco Law” (5/9)
- 40th Anniversary of the Rockefeller Drug Laws: Time to Re-think Sentencing Policy (5/8)
Latest From Reason
Senate testimony explains the difference between good austerity and bad.
When it comes to infringing on personal liberty, Ann Coulter is just as bad as her lefty enemies.
It's a utopian goal requiring excessive compulsion in the pursuit of unattainable perfection.
The case of Fox's James Rosen.