Although public-private partnerships (P3s) have become a leading method of delivering infrastructure in several countries throughout the world, including Canada, P3s are often met with skepticism in the United States. Even though there is an ever-growing list of P3 successes (including several multi-billion dollar infrastructure projects that were completed ahead of schedule and below budget, such as the Ohio River Bridges, the LBJ Freeway in Dallas, and I-595 Express Lanes here in South Florida), the hiccups are often what garner the most press. The failed I-69 road P3 in Indiana, for example, continues to be held out as a failure of the P3 model—a 2017 Wall Street Journal article referred to the project as a “black eye to private investment in infrastructure”—but it is worth putting that failure in the context of failures of the traditional public procurement model for infrastructure delivery. Consider the Honolulu rapid transit system, which was also…
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