A Public-Private Partnership Primer

Sandy Apgar and Tony Canzoneri aim to clear up myths and misconceptions about PPPs (P3s), "the vehicle of choice to plan and execute many development projects that neither private nor public sector participants could perform on their own."
July 30, 2012, 7am PDT | Jonathan Nettler | @nettsj
Share Tweet LinkedIn Email Comments

Apgar and Canzoneri are bullish on public-private partnerships: "We acknowledge our bias to favor PPPs, which is built on three personal beliefs: that business is the main engine for growth and wealth creation in a market economy; that government has an essential role in ensuring legitimacy, individual opportunity, and fairness; and that the partnerships are potent vehicles for bringing the best of both sectors -public and private-to bear on the most challenging problems."

In their "P3 Manifesto" Apgar and Canzoneri describe what Public-Private Partnerships are (and aren't) and when they are useful. The authors also describe the five features of successful PPPs:

  • Clear definitions and roles
  • Robust, mutually beneficial business relationships
  • Holistic, flexible planning and financing for the project's full life cycle
  • An integrated internal and external communication plan
  • A pervasive spirit of stewardship in partnership actions
Full Story:
Published on Thursday, July 19, 2012 in Urban Land
Share Tweet LinkedIn Email