Atlanta, Ga. – BNA
, the Bureau of National Affairs, Inc., published an in-depth report today discussing the recent shifts in several states to pass legislature for Public-Private Partnerships, or P3s, which help to finance large-scale infrastructure projects. Larry Gold
, a shareholder in Carlton Fields’ Atlanta office who has experience working on P3 water reservoir, facilities and systems projects said, “States and local government are all going to be moving toward P3 modes of one sort or another.” Gold later discussed the current P3 scene in Georgia, highlighting that the state “already identified 16 reservoir projects … that need investment.”
P3s benefit the building and management of large infrastructure projects. The partnerships also speed up the project time; on average and with a P3, a project can take two-times as long to complete.