✴︎ Available only with purchase from publisher

“Public-private partnerships (P3) have emerged as a popular strategy for infrastructure development worldwide. Within the United States, the momentum for P3 arrangements is building as states put enabling legislation in place, public authorities search for expedient solutions for the infrastructure funding gap, and investor capital becomes increasingly attracted by the risk/return profile of infrastructure assets. Proponents of P3’s tout advantages whereas detractors claim that the expected benefits rarely materialize, or they are obtained at too great an expense. Thus, the following question arises: Are P3’s effective as infrastructure development strategies? A framework, which might serve to both structure and assess P3 programs and projects, is presented. The framework has evolved since its original introduction and is underpinned by the notion that P3 strategies must balance the interests of society, state, industry, and the market for ultimate success. A case study of its application is presented to illustrate its utilization and potential.”