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P3 Digest: June 15, 2017

Former GSA Head Reiterates Urgency for Scoring Reform

Restrictive budgetary rules that make it difficult for the federal government to negotiate real estate leases need to be changed to allow more of these types of leases to be negotiated through P3s, argued Daniel Tangherlini, a former head of the U.S. General Services Administration in a June 8 op-ed for GovExec.com.

Federal scoring makes such projects very expensive for agencies to pursue because the Office of Management and Budget (OMB), treats as a capital lease any lease that ends in government ownership of the developed asset. An agency must record, or “score,” in its budget the entire cost of a capital lease the year the agency enters into it. Operating leases, on the other hand, can be scored year by year.

“This has the effect of favoring operating costs, entitlements or tax expenditures over capital or other asset-based funding priorities. These rules  tilt spending toward transfers over investments, bypassing a first principle of infrastructure financing — user pays,” wrote Tangherlini, who chaired an NCPPP-Urban Land Institute advisory group that last year published a report on federal scoring, Enabling Infrastructure Investment: Leveling the Playing Field for Federal Real Property.

Nomination Deadline for 2017 Public-Private Partnership Awards Extended

The deadline for submitting nominations for the 2017 National Public-Private Partnership Awards program has been extended to Friday, June 23. The awards honor unique innovations in P3s and efficient and cost-saving P3 projects nationwide.

NCPPP will present the awards during P3Connect 2017, NCPPP’s annual conference, in Miami Beach on October 12-13.

Awards will be presented in the following categories:

  • Excellence in Individual Private Leadership
  • Excellence in Individual Public Leadership
  • Outstanding Infrastructure Project
  • Outstanding Project Innovation
  • Outstanding Service Project

For more information, visit http://www.ncppp.org/ncpppawards/.

DOT Invites Suggestions for Rules Changes to Expedite Transportation Infra Projects

The U.S. Department of Transportation (DOT) is calling on stakeholders and the public to identify non-statutory rules or interpretations in policy statements or guidance that “unjustifiably delay or prevent completion of surface, maritime and aviation transportation infrastructure projects,” the department announced in a June 8 Federal Register notice.

Although DOT is focusing primarily on administrative items it is authorized to change, commenters also are invited to submit potential legislative changes but “only if all non-statutory options have been exhausted.” Comments are due July 24, although those filed after that date may be considered.

P3Connect 2017:  Opening the Door to the New Infrastructure Era

The current administration’s pledge to find new ways to address the nation’s crumbling infrastructure has triggered renewed interest in taking more innovative and economical approaches to build, repair and maintain these vital assets. This has led to discussion of P3s as a highly efficient and cost-effective — albeit underused — project procurement and financing method.

P3Connect 2017, which will be held Oct. 12-13 in Miami Beach, will explore how this new era of infrastructure is altering the P3 landscape and what challenges and opportunities exist, all through the eyes of thought leaders who will help to chart the road ahead. Fittingly, this year’s event will be held in Miami-Dade County, a living laboratory for P3s, with several completed and planned P3 projects.

To learn more and register, visit the conference website.

Denver P3Bootcamp Next Up on Calendar

NCPPP is bringing its popular P3Bootcamp training course to Denver on Aug. 8-9. P3Bootcamp offers basic information geared toward newcomers to the P3 field, but also covers current developments and insights tailored for seasoned professionals who are looking for the latest perspectives on the ever-changing P3 landscape.

This intensive day-and-a-half course, taught by seasoned professionals who are experts in their fields, is designed to teach public- and private-sector leaders how and why successful partnerships work and proven strategies for assembling and managing highly effective projects.

For more information about P3Bootcamp, visit the course website.

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