Finding the Best Public-Private Partnership Fit

摘要

Few realize that U.S. public entities have the longest running and probably most successful program to attract private capital. State and municipal governments have the ability to issue debt obligations to raise capital, often used to build infrastructure in what we believe is a tax efficient manner. Other countries do not have this capability and can only issue debt on a federal level. Even with this local debt issuance ability, there are projects in the U.S. that fit the international PPP model for a variety of reasons such as project life-cycle costs or private sector management expertise. When this has occurred, proposers, prime contractors.