Public-private partnerships can fill a void when others options for infrastructure funding are unavailable.
Join key stakeholders Thursday, April 5 as they discuss the evolving regulatory framework, project pipeline, and critical success factors of public-private-partnership projects.
Edward Rendell, former Governor of Pennsylvania and Mayor of Philadelphia, keynotes this one-of-a-kind event.
Learn the ingredients of successful P3 projects and programs, hear how the federal administration infrastructure plan affects states and localities, and explore what P3s can do for Connecticut.
The Connecticut Public-Private-Partnerships Forum will be held at the Marriott Hartford Downtown (200 Columbus Blvd, Hartford) and runs from 9 am to 5 pm.
Participants must register via email.
What Is a Public-Private Partnership?
A public private partnership, or P3, is a relationship between a private entity and a state agency to design, develop, finance, construct, operate, or maintain a state-owned facility.
Essentially, the private partner provides funding to build or upgrade a facility and operate and maintain it at an agreed-upon profit margin throughout the term of the agreement at little or no cost to the state.
The state continues to own the facility and gets operational control of it at the end of the agreement.