“When it partnered with Kentucky for new bridges across the Ohio River, Indiana exercised its authority to use a public-private partnership (P3) contract, as explained in this article that discusses this groundbreaking deal. The Lewis and Clark Bridge is a cable-stayed tolled bridge that is part of the Ohio Bridges Project to alleviate traffic congestion within greater metropolitan Louisville, Kentucky. Development of two new bridges that were to be the centerpieces of the Project was divided between Kentucky and Indiana, as well as approach work to the bridges and multimodal improvements. The Indiana Department of Transportation (IDOT) and The Kentucky Transportation Cabinet (KTC) followed different procurement routes for their individual responsibilities, with IDOT choosing a P3 approach, known internationally as an availability payment,for its bridge – the Lewis and Clark – and KTC electing for a design-build procurement for its bridge, the Abraham Lincoln Bridge. Details of each type of project delivery are presented here, with a focus on risk management, scheduling, and financing.”
✴︎ Available only with purchase from publisher “The intensification of cross-sector collaboration phenomena has occurred in multiple fields of action. Organizations in the private, public, and social sectors are working together to tackle society’s most wicked problems. Some success has resulted in a generalized belief…
✴︎ Available with free registration “The concept of public-private partnership (PPP) in higher education is clarified in the article as a mechanism for the formation of the human capital added value. PPP is considered as a set of organizational forms of long-term economic relations between state…
“The question of how to collaborate across boundaries admits no easy, universal answer. There are, however, striking similarities between the types of challenges that different collaborations face. From 2018 to 2020, the authors of this article—researchers from the Harvard Business School and the Harvard Kennedy…
“Private capital has become a significant feature of infrastructure public-private partnerships (PPPs) on the premise that it incentivizes diligent risk management among private partners. This paper evaluates this claim by examining the PPP programme in Ontario, Canada, where the amount of long-term private capital in…
“Social impact bonds, a recent innovation in social finance, are designed to harness capital and knowledge from private nonprofit, for‐profit, and public entities to address pressing social problems. Although there is great policy interest in understanding how social impact bonds can be used to tackle…
“The public-private food assistance system (PPFAS) emerged during the 1970s to address ‘emergency’ food needs and has since grown into a regularized social welfare system of grocery and meal provision and related program delivery, realized through the collective efforts of organizations and individuals. We explore…
“The public pays for and provides an incredible amount of data to governments and companies. Yet much of the value of this data is being wasted, remaining in silos rather than being shared to enhance the common good—whether it’s helping governments to stop opioid addiction…
“In our latest City Accelerator guide, ‘Resilience, Equity, and Innovation,’ we share the tools and processes four cities, Pittsburgh, Saint Paul, San Francisco and Washington D.C., explored in an effort to increase equity and fund infrastructure. With new approaches to managing public resources, these cities…
“It’s still early days for governments experimenting with pay-for-success (PFS) projects, in which governments ask private funders to foot the bill for social programs, and then agree to repay those funders if the programs achieve agreed-on results. As public budgets tighten and social challenges remain…
“From climate change to terrorism, the difficulties confronting policy makers are unprecedented in their variety, but also in their complexity. Our existing policy tool kit seems stale and outdated. Increasingly, it is clear, we need not only new solutions but also new methods for arriving…