NZ Herald » 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 […]
NZ Herald » This article investigates the ways that the benefits of public private partnerships are often overstated while the pitfalls, especially the real risk to the taxpayer, are blurred by the private sector. Uses the city of Auckland, New Zealand as an example where the private sector is pushing hard to make a case for […]
CBS 6 WTVR » Article provides a broader view of the potential impacts that a Virginia Circuit Court Judge’s ruling, which found that proposed public-private partnership tolls are unconstitutional, could have on the law passed in 1995 that provided authority for P3s in the first place. Judge Cales found that P3 tolls were essentially a tax […]
The Cranberra Times » Article examines a proposed light-rail project, known as Capital Metro, public-private partnership (P3) in Cranberra, Australia, part of the Australian Capital Territory (ACT). This would be the first time that this territory employed a P3. While the private-sector partners in the project may have financial penalties if there are construction or service […]
Baltimore Business Journal » The Baltimore Red Line extension is another transit project that Maryland has identified as a potential public-private partnership (P3). This article specifically discusses the Maryland Transit Administration’s push to get $146.1 million approved to continue with project designs and studies. Their plan involves the renewal and extension of several existing consultant contracts. […]
The Hindu Business Line » This article covers the recent decision by the National Highway Ministry of India to dump the public-private partnership model after zero bids were received under this model for 2012-2013. The decision also comes after many P3 projects awarded during 2011-2012 have not gotten off the ground. Examines several problems with the […]