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Moody’s Predicts Long-Term Increase in Cross-Sector US, International P3s

An increasing number of U.S. state and local governments are likely to use public-private partnerships, to build both transportation infrastructure projects and courthouse, education, water, waste water and other social infrastructure projects, a major credit rating agency predicted, while noting that this list is not likely to include hospitals. Unlike the United Kingdom and Canada, whose governments are heavily involved in providing national health care, “[t]he U.S. has a diverse …Read More

Egypt’s Government Using P3s to Spur Economic Growth, Domestic Stability

Egypt is in the midst of a massive, government-spearheaded building boom and is using public-private partnerships as a key driver. Among seven major P3s the country plans to put out for bid by the end of the year are three water desalinization projects, a wastewater treatment plant and a new network of river buses that will ferry commuters along the Nile River to ease gridlock in and around Cairo. Few …Read More

Canada Proposes Public Transit Fund Relying on P3s

Canada is proposing to create a fund for public transportation projects that would be used solely for P3s, Minister of Finance Joe Oliver announced Tuesday. Under the plan, the government would contribute $750 million over two years beginning in 2017 to a newly formed Public Transit Fund. After the first two years, the government would contribute $1 billion each year. “This new fund will complement the government’s existing infrastructure support …Read More

Canadian Bridge Authority Names Capital Markets Panel

The Windsor-Detroit Bridge Authority (WDBA), the entity launching the P3 for a new $2.1 billion international bridge across the Detroit River, has appointed four Canadian financial executives to its capital markets advisory panel. Donald Wright, former chairman and CEO of TD Securities and deputy chairman of TD Bank Financial, will chair the panel. Joining him are Dominic D’Alessandro, former president and CEO of Manulife Financial Corp.; Sheryl Kennedy, CEO of …Read More

Nicaragua Canal Partnership Breaks Ground

An audacious $50 billion plan to build a new canal across Nicaragua under a partnership with a Chinese business man broke ground last month, beginning an enterprise that could revolutionize the economy of the second-poorest country in the Americas. Nicaraguan President Daniel Ortega granted a 50-year concession agreement to HK Nicaragua Canal Development Investment Co. Ltd. (HKND), which will return $10 million a year to the country for the first …Read More

U.S., Canada to Fund Border Crossing through P3

The United States will participate in a public-private partnership to finance the construction of a customs plaza as part of a proposed bridge that will link Detroit and Windsor, Ontario, according to Canada’s Minister of Transport. Canada already has pledged to pay for most of the $3.65 billion bridge, including a $550 million link between the bridge and U.S. Interstate 75. While the U.S. government approved construction of the bridge …Read More

P3 Links: Jan. 30 – Feb. 5

Each week, NCPPP publishes a round-up of P3 news posted on our social media platforms. For up to the minute news, follow us on Facebook and Twitter. Federal Policy Listen to @SecretaryFoxx’s interview on @MorningEdition discussing the budget and @USDOT’s new report on traffic. DeptofDefense Military housing P3s face vacancies as U.S. scales down on active service members. International DevexImpact’s seven must-reads that tackle questions about international P3s. Opinion Congress should expand tax-exempt …Read More

P3 Links: Jan. 23 – Jan. 29

Each week, NCPPP publishes a round-up of P3 news posted on our social media platforms. For up to the minute news, follow us on Facebook and Twitter. Federal Policy Which infrastructure projects are most deserving and how should we pay for them? asks citylab’s @anthonyflint International The 2015 #p3impact award is upon us! Learn more at our Google Hangout on Feb. 3. #P3s in the #Philippines are finally on track to help improve …Read More

P3 Links: Dec. 5 – Dec. 19

Each week, NCPPP publishes a round-up of P3 news posted on our social media platforms. For up to the minute news, follow us on Facebook and Twitter. Federal Policy Read Mich. Rep. @CandiceMiller op-ed on the nation’s infrastructure deficit. #P3 International Peer into the tunnels of Europe’s largest infrastructure project. Copenhagen may build man-made islands, adding 72 acres to the city.  State Policy and Services 46 Connecticut towns to use P3s for broadband …Read More

Canadian P3 Council Highlights Benefits of Ontario’s Reliance on Partnerships

The Canadian Council for Public-Private Partnerships (CCPPP) rejected many of the conclusions reached by Ontario Auditor General Bonnie Lysyk in a report released last week that found the province spent US $6.9 billion extra on infrastructure projects by using P3s. At the same time, the council said the report underscored many of the benefits of the model including the savings as a result of risk transfer and the record of …Read More