Prince George’s County explores P3 for school projects

Maryland-The Prince George’s County Council has adopted a council resolution, CR-33-2018, establishing a Public-Private Partnership (P3) Alternative Financing School Infrastructure Work Group to explore a P3 concept for school construction and replacement projects in the county. The 2018 Maryland General Assembly also enacted Senate Bill 92 this session, establishing an incentive pilot program to encourage local school systems in three counties, including Prince George’s, to pursue innovative, public school construction projects. The P3 Work Group will identify projects and solicit private-sector support by working with the school system and county executive to hire a consultant to create the structure to launch a P3. It is anticipated that five to seven projects may be initially identified.

 

Under the legislation, the P3 Work Group will provide quarterly status reports summarizing the status of implementation, key initiatives or studies planned and an estimated timetable for delivery of recommendations for program implementation. The first quarterly report will be due on Oct. 1, 2018. The Prince George’s County Council also approved a record $4.09 billion in spending for fiscal year 2019, an increase of $215 million, or 5.5 percent over the current budget. If the budget is approved by county executive Rushern Baker III, the spending plan will take effect on July 1.

New Hanover County seeks P3 for ‘Project Grace’

North Carolina– New Hanover County is exploring the option of entering into a public-private partnership (P3) for redevelopment of a 3-acre county-owned block in downtown Wilmington. The county issued a request for qualifications to find the most qualified project teams. The top teams will be invited to submit a full development proposal by December.

 

The county has envisioned a public library, Cape Fear Museum, usable green space and a parking deck. A space needs analysis was recently conducted to identify the needs of both the museum and library. In the new fiscal year, the county plans to conduct a separate study to determine the future use of the existing museum site on Market Street. Proposals will be reviewed at the beginning of 2019 for “Project Grace” and the public will then be given the opportunity to provide input.

San Francisco seeks P3 for city-wide fiber network

California– San Francisco is moving ahead with plans for a public-private partnership (P3) to build a city-wide fiber network that will encompass the almost 47-square miles of the city. The city has issued a request for information (RFI) for the project and also plans to select five proposals by April 30. The city will then issue a follow-up request by the end of the year for three proposals to enter into the design phase. Early estimates put the cost of the project around $1.9 billion.

 

The network would be owned by the city but built and managed as a P3 – an arrangement that allows the city to alleviate some of the costs and risks of creating a brand-new utility. The city would maintain significant control over the price consumers would pay if they sign up for the service. The new network is expected to include subsidized rates to close the digital divide for low income residents. Currently about 100,000 residents of the city don’t have internet in their home.

Long-term concession plans considered for turnpike system

New Hampshire– Portions of the New Hampshire Turnpike system may soon be privatized. The state’s public-private partnership (P3) Infrastructure Oversight Committee have considered P3 plan for long-term concession agreements. The three highways chosen for the turnpike project were opened in the 1950s. The project includes developing and operating service plazas and rest areas with dining, fuel and retail concessions along the highways.

 

The P3 will allow for the sharing of resources to finance, design, build, operate and maintain transportation infrastructure projects. The plan was developed after Gov. Chris Sununu shared a proposal by the New Hampshire Department of Transportation to raise tolls on the turnpikes to accelerate completion of improvements to the roads.