Relationships between the public and private sectors in the provision of infrastructure projects and other services are evolving and becoming more fluid. A popular term of art to describe these evolving relationships is a P3 or a public-private partnership. This presentation will provide an overview of the types of available relationship structures to accomplish economic development and other projects. The private sector is participating in phases of projects not traditionally undertaken by the private sector. With the right risk allocation, these alternative relationship structures can bring about projects that would not otherwise move forward. The presentation will provide real life examples both outside and inside the State of Maine. In order to realize the full potential of these alternative structures in Maine, we need to (1) assess and address any legal obstacles, (2) build up the necessary and applicable professional services undertake workforce development, and (3) properly prioritize and attend to stakeholder education and management associated with alternative project delivery structures.
Join MEREDA on September 8th at the Clarion Hotel in Portland from 7:30 – 9:00 AM as this presentation explores Public Private Partnerships (P3s) and other forms of alternative financing, and how Maine could use these tools more effectively in order to improve and maintain our important public infrastructure.
This MEREDA "Morning Menu" Breakfast Event is Sponsored by Norway Savings Bank and Bernstein Shur.
For more information and to register, click here.
