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Municipal Implementation Tool #021
Product No.: MIT021
Date Published: 6/2012
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Geographic Area Covered: Nine-County Delaware Valley Region (Bucks, Chester, Delaware, Montgomery, and Philadelphia counties in Pennsylvania and Burlington, Camden, Gloucester, and Mercer counties in New Jersey)
Abstract: Public/private partnerships (PPPs) are arrangements between government and private sector entities that provide public infrastructure, community facilities and other related services. PPPs shared the investment, risk, responsibility, and reward between all partners, often making the endeavor a bit more complicated. PPPs should be created when both the public and private sectors have a unique set of characteristics that provide them with a certain advantage in a specific service or project.
Key Words: public/private, partnerships, local government, infrastructure funding, smart growth, benefits, risks, design/build, procurement, private sector
- Karen P. Cilurso, PP, AICP (email@example.com)
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