Engineering Inc. - March/April 2016 - (Page 18)

Public-private partnerships present opportunities and challenges for engineering firms NAVIGATING THE The PortMiami Tunnel, which opened in August 2014, is Florida's first transportation P3. Unlike many P3s, the tunnels will not charge a toll; the Florida Department of Transportation will make availability payments to the concessionaire. P3L By Samuel Greengard O ver the last few decades, funding for public projects has declined, and public-private partnerships, also known as P3s, have gained popularity. P3s are now used in 33 states and have the support of global entities such as the World Bank. "They have emerged as an attractive way to reduce public debt and shift at least some of the risk and rewards to private companies," says David Baxter, executive director of the Institute for Public-Private Partnerships (IP3). >> 18 ENGINEERING INC. MARCH / APRIL 2016

Table of Contents for the Digital Edition of Engineering Inc. - March/April 2016

Engineering Inc. - March/april 2016
Contents
From ACEC to You
Market Watch
Legislative Action
Congressman Fred Upton
Public vs. Private Clients
Navigating the P3 Landscape
One Person, One Hour at a Time
Million-Dollar Clout
2016 Annual Convention Preview
Mergers and Acquisitions
Members in the News
Business Insights

Engineering Inc. - March/April 2016

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