NEW ROAD AHEAD: THE DEVELOPMENT OF PUBLIC-PRIVATE PARTNERSHIPS IN THE UNITED STATES

摘要

Actual development experience is continuing to evolve in United States public-private partnerships.rnAs many as ten States have public-private partnership legislation enacted. In several of these States,rnprojects have been proposed and, in many cases, have run into significant opposition. Other Statesrnhave only recently passed the enabling legislation and no project activity has yet developed.rnHowever, two new private toll roads initiated operations the U.S. in the past six months, and otherrnprojects in some States may proceed because they have avoided some of the pitfalls that trappedrnearlier projects. It is clear that the above information points to the need to continue to explorernadditional potential avenues for making public-private partnership work.rnIndividuals from government legislative and policy perspectives, and executives in private sectorrnengineering, construction, and related consulting firms, are analyzing the recent experience andrntrying to determine what works and what does not work. Those involved in developing public privaternpartnership legislation and policy are assessing what increases general welfare and is acceptable to therngeneral public, while the private sector executives are assessing if profitable projects can be found,rnapproved, and developed quickly with less risk than has been demonstrated in many recent proposals.rnThe paper proposed for this conference will provide additional detail on the U.S. experience byrnreviewing specific State programs and individual projects focussing on those characteristics that werernsignificant obstacles to implementation, offering lessons learned, delineating the most recent thinkingrnof those who are involved in designing the public private-partnership programs and projects, andrndescribing potential public-private partnership directions that have not been explored.