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Published byGavin Randall Modified over 6 years ago
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Practical Aspects of an Infrastructure Plan Based on P3’s
George J. Meyer Carlton Fields Tampa, FL (813)
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Federal Considerations
Revenue Neutral Project Selection Priority Consortium Selection/Buy American Environmental Review Permitting (Federal, State and Local) Coordination Among Governmental Entities
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State Enabling Legislation
Not All States Have Passed Legislation Allowing P3’s Three Categories Broad Enabling Legislation Limited/Restrictive Legislation No Legislation
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Difference in Structure
Traditional Structures Design-Bid-Build Construction Management Design-Build P3 Structure Design-Build-Finance-Operate-Maintain 20-50 Year Contract Periods
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Differing Role of Public Agencies
Sophistication/Ability of Public Agencies Training/Education Public Authorizing Officials Agency Administration Personnel Mindset/Willingness Innovation New Concepts Flexibility
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Types of Projects Most Projects Can Be Developed as P3’s
Water/Sewer Roads/Bridges Airports/Seaports University Campuses/Student Housing Hospital Campuses/Medical Office Buildings Stadiums/Arenas “For Profit” Concessionaires Potential Revenue Sources Tolls Rental Payments Development Opportunity Revenue User Fees Tax Credits
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Additional Issues Economic Study Between Traditional Funding (Issuance of Bonds) Versus P3 Development Promised Job Growth Construction Work Force Availability Price Escalation/Material Shortage/Supply Chain Force Majeure Clause Anti-Competition Clause
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