Center Director Jonathan Gifford was quoted in an article on inspiratia, an online news and information source which helps clients operate and thrive in the global infrastructure and renewable energy sectors through a real-time projects and companies database, forward-looking market analysis and timely news. In the article, titled “Cautious optimism for US P3 deal flow,” Professor Gifford said, “In the long-term, there is a bright future for the PPP approach, both because of fiscal limitations to spending programs and benefits of the delivery model.” He goes on to discuss several encouraging “steps forward” in Florida, Texas and Colorado, but says that overall, “despite considerable activity and some major projects in the last few years, the market is still relatively small and PPPs involve only a fraction of the total asset delivery in the US.” To read the inspiratia article in full, click here.
To the editors:
The Post’s recent article on the Midtown Tunnel project is one-sided, and wrong on several counts. The increase in Virginia’s contribution to the $2.1 billion project from $308 million to $581 million was done at the state’s behest in order to reduce the tolls on users. There has been no cost overrun, and the $2.1 billion project is on schedule to open in 2017.
Graduate Research Associates Zhenhua Chen and Nobuhiko Daito, and Center Director Jonathan L. Gifford collaborated on a paper, entitled “Data Review of Transportation Infrastructure Public-Private Partnership: A Meta-Analysis,” which was published in Transport Reviews. The paper highlights the need for policy-makers to require continuing disclosure of P3 performance for validating the effectiveness of the procurement model and to improve the practice. Click here to read the entire paper.
Center Director Jonathan Gifford was quoted in a June 3, 2015 Governing Daily article titled “Virginia Discovers P3 Projects Might Not Always Save Money.”
Click here for the full article: http://www.governing.com/topics/finance/gov-virginia-public-private-partnership-setbacks.html