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Study by GPC's Mike Bennon and Rajiv Sharma in National Publication

Wednesday, September 11, 2019

Michael Bennon and Rajiv Sharma were lead academic authors of the the book "Leveraging Private Capital for Infrastructure Renewal (2019)” published by the National Academies of Science, Engineering and Medicine. The publication provides analysis of some of the key issues that government agencies need to consider when approaching P3s as a way of financing transportation projects. In particular, it highlights how equity plays a major role in risk transfer for P3 projects and when structured appropriately can leverage the efficiencies of the private sector to deliver complex projects effectively and meet public objectives. The book’s findings are based on a detailed literature review of the topic, a review of US P3 project data and interviews with State DOT officials that have delivered transportation projects via P3.