Engineering Inc - November/December 2017 - 23
NOVEMBER / DECEMBER 2017
ENGINEERING INC.
DSZC/GETTYIMAGES
0ver the last decade,
it has become increasingly clear
that America's infrastructure requires a significant upgrade. Roads, highways,
bridges and tunnels have decayed and deteriorated-sometimes to the point of
catastrophic failure. Yet, with tax dollars limited and funding for projects largely
declining, finding a way out of the mess has been extraordinarily difficult.
"It has put the spotlight on public-private partnerships," states Lee Weintraub,
chair of public-private partnerships and vice chair of construction, law and
litigation at Becker & Poliakoff.
P3s aren't a new idea. They've been used in Europe, Asia and elsewhere to
tackle large-scale transportation projects and other initiatives. Over the last
couple of decades, the idea has also caught on-albeit slowly-in the U.S. For
example, 10 major P3 projects took place across the country in 2016, according
to consulting firm PwC. That's double the number from 2015. But, suddenly, the
concept has been thrust into the spotlight. In January, President Donald Trump
introduced a proposal to expand the use of public-private partnerships as part
of this proposed $1 trillion infrastructure plan to rebuild America, but Trump's
position on the viability of P3s has since softened. The question that's now on
everyone's mind is: Can this approach work on a widespread basis?
At the center of everything is this: P3s can be complex and risky, and they
aren't a wise choice for every project or engineering firm. They require different
thinking and skills. They also introduce ambitious objectives that may seem, or
actually be, overreaching in scope. As a result, there's a need to carefully weigh
risks and rewards-and ensure there's a net benefit for every constituency: the
government agency overseeing the project; the investment firm backing the
project; engineering and construction firms; and the public or end user.
"Right now, P3s are being used for a relatively small number of projects.
But the concept offers a viable way to modernize and upgrade a good deal of
infrastructure," says Riz Shah, national public sector leader for Capital Projects &
Infrastructure at PwC.
23
Table of Contents for the Digital Edition of Engineering Inc - November/December 2017
Engineering Inc - November/december 2017
Contents
Standing Up to Mother Nature
Fall Conference
P3s to the Rescue
Young Professionals of the Year
Self-Sustainability
Navigating the Marketplace
Creating Meaningful Connections
From Acec to You
Market Watch
Legislative Action
Guest Column
Mergers and Acquisitions
Members in the News
Florida M.o. Adopts Powerful Acec Brand
Business Insights
Engineering Inc - November/December 2017 - Intro
Engineering Inc - November/December 2017 - Engineering Inc - November/december 2017
Engineering Inc - November/December 2017 - Cover2
Engineering Inc - November/December 2017 - Contents
Engineering Inc - November/December 2017 - 2
Engineering Inc - November/December 2017 - 3
Engineering Inc - November/December 2017 - From Acec to You
Engineering Inc - November/December 2017 - 5
Engineering Inc - November/December 2017 - Market Watch
Engineering Inc - November/December 2017 - 7
Engineering Inc - November/December 2017 - Legislative Action
Engineering Inc - November/December 2017 - 9
Engineering Inc - November/December 2017 - Fall Conference
Engineering Inc - November/December 2017 - 11
Engineering Inc - November/December 2017 - 12
Engineering Inc - November/December 2017 - 13
Engineering Inc - November/December 2017 - Standing Up to Mother Nature
Engineering Inc - November/December 2017 - 15
Engineering Inc - November/December 2017 - 16
Engineering Inc - November/December 2017 - 17
Engineering Inc - November/December 2017 - 18
Engineering Inc - November/December 2017 - 19
Engineering Inc - November/December 2017 - 20
Engineering Inc - November/December 2017 - 21
Engineering Inc - November/December 2017 - P3s to the Rescue
Engineering Inc - November/December 2017 - 23
Engineering Inc - November/December 2017 - 24
Engineering Inc - November/December 2017 - 25
Engineering Inc - November/December 2017 - 26
Engineering Inc - November/December 2017 - Young Professionals of the Year
Engineering Inc - November/December 2017 - 28
Engineering Inc - November/December 2017 - Self-Sustainability
Engineering Inc - November/December 2017 - 30
Engineering Inc - November/December 2017 - 31
Engineering Inc - November/December 2017 - 32
Engineering Inc - November/December 2017 - 33
Engineering Inc - November/December 2017 - Navigating the Marketplace
Engineering Inc - November/December 2017 - 35
Engineering Inc - November/December 2017 - 36
Engineering Inc - November/December 2017 - 37
Engineering Inc - November/December 2017 - Creating Meaningful Connections
Engineering Inc - November/December 2017 - 39
Engineering Inc - November/December 2017 - 40
Engineering Inc - November/December 2017 - 41
Engineering Inc - November/December 2017 - Guest Column
Engineering Inc - November/December 2017 - 43
Engineering Inc - November/December 2017 - Mergers and Acquisitions
Engineering Inc - November/December 2017 - 45
Engineering Inc - November/December 2017 - 46
Engineering Inc - November/December 2017 - 47
Engineering Inc - November/December 2017 - Members in the News
Engineering Inc - November/December 2017 - 49
Engineering Inc - November/December 2017 - Florida M.o. Adopts Powerful Acec Brand
Engineering Inc - November/December 2017 - 51
Engineering Inc - November/December 2017 - Business Insights
Engineering Inc - November/December 2017 - Cover3
Engineering Inc - November/December 2017 - Cover4
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