I am pleased to share details about an upcoming conference on public-private partnerships (P3s) for infrastructure in California. The one-day event is being organized by the National Council for Public-Private Partnerships and will examine the basics of P3s, the legal framework in California, practical advice on how to implement a P3 and some good case studies of past projects. The conference will be held at the Portofino Hotel in Redondo Beach on September 9, 2011.
P3s are a method of combining the strengths of both the public and private sectors for the accomplishment of infrastructure projects in sectors as diverse as water and wastewater, highways, rail, ports, aviation, transit-oriented development, green buildings and schools. A P3 allows the public agency to envision the project and control its development, while using the experience and creativity of private sector firms to deliver the project on time and within budget. A well-structured P3 also allows the public agency to shift certain risks associated with large infrastructure projects to the private firms involved, and creates incentives that align the interests of the public agency and private firms to the greatest extent possible. P3s are used extensively outside the United States and have proven to be a superior delivery method for achieving timely and cost-effective projects. They can be quite complex, however, and have not been used widely in California, so this conference is intended to provide public agency officials with a good basic understanding of what P3s are and how they can be used to benefit the public.
I will be attending the conference and speaking about the legal framework for P3s in California, and hope to see you there. You can find the conference brochure with all the pertinent details here: NCPPP Conference Flyer.