This column urges caution when it comes to public-private partnerships using an example of a deal that wound up costing the public double what it was meant to, with a price escalation of $35 million to $63 million. In a report, the Auckland Auditor-General found that in this case the city council did not have the expertise and understanding to execute the deal effectively. In this case the most important lesson learned is that accounting issues should not be the sole determinant of entering into the P3 arrangement.
Michelle2016-12-06T23:35:16-08:00December 6th, 2013|New Zealand, Public-Private Partnerships|
Northam announces selection of firms to build $3.3 billion tunnel project
February 16th, 2019
Opinion: Maryland’s poor plan for public-prive partnership toll roads
October 12th, 2018
Trump’s Failed Infrastructure Plan Is a Wasted Opportunity
October 8th, 2018
PennDOT puts out call for public-private partnership proposals
October 2nd, 2018
Kingston’s third bridge construction contract marks a first in North America
September 26th, 2018
Public-Private Partnerships: When Will Reality Meet the Promise?
August 30th, 2018
Fluor and ACS Infrastructure Canada Win Gordie Howe Bridge Deal
August 1st, 2018