This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

P3s Role In Strengthening America's Infrastructure: Setting The Record Straight

NEW YORK, April 3, 2013 /PRNewswire/ -- Ms. Samara Barend, a founding member of the Performance Based Buildings Coalition (PBBC) and an AECOM Vice President for P3 Development, is warning that the strategic ability of public private partnerships (P3s) to strengthen the nation's infrastructure could be harmed if there is continued confusion on Capitol Hill and elsewhere over its fundamental role.

(Photo: )

She notes that a recently published article in a national publication inaccurately confused tax exempt financing with Private Activity Bonds (PABs).  "We can all agree there have been abuses in the use of tax exempt financing, but PABs were not used for any of the projects described in the article and it reflects the ongoing confusion over the role of PABs which, in turn, harms their ability to strengthen our nation's infrastructure."

Ms. Barend reminds, "PABs enable governments to combine tax exempt financing with private financing to more efficiently deliver public infrastructure.  Since 2001, PABs have facilitated more than $10 billion in innovative transportation projects in the U.S.  The recent Ohio River Bridges public-private partnership (PPP) project, which is saving Indiana taxpayers over $200 million versus a traditional public-financed approach, is one of many examples.  The Goethals Bridge and the LaGuardia Airport PPP projects in New York will also likely utilize PABs to deliver huge time and cost savings to taxpayers." 

A wakeup call to the P3 community

Barend observes, "The P3 community has an obligation to make its story heard including the fact that PABs are an effective means of reducing our reliance on public finance and opening the doors to private finance for the delivery of critically needed infrastructure." 

Unlike the transportation sector, the public buildings sector does not have any equivalent form of federal highway loans, and the PABs market which exists is severely constrained.  Consequently, the public sector's inability to combine tax exempt financing with private financing has proven to be a major impediment to a U.S. P3 buildings market for schools, public universities and community colleges, courthouses, and other critical public facilities.  Despite the demonstrated value for money benefits of alternative delivery, this "cost of capital" argument has often deterred the public sector from utilizing P3s for buildings projects.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.79 0.10%
FB $101.98 0.07%
GOOG $682.32 -0.12%
TSLA $151.04 0.38%
YHOO $27.04 1.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs