02 Nov 2018

Unsolicited Proposals for Public-Private Partnerships

We have previously discussed the State of Florida’s P3 law, which broadly authorizes private firms to submit unsolicited proposals to state and local agencies for a wide variety of public services and facilities. The concept behind an unsolicited proposal is simple enough. The private sector is constantly innovating. As a

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02 Nov 2018

City leaders discuss public-private partnerships at Chamber panel

The Alexandria Chamber of Commerce on Tuesday morning hosted a panel discussion at Holiday Inn Carlyle to discuss the importance of public-private partnerships in the city’s present and future. The panel, which included City Manager Mark Jinks, Alexandria City Public Schools Chief Operating Officer Mignon Anthony and Skanska Investment Director

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02 Nov 2018

US$620 million bond issue to finance highway modernisation P3 project in USA

The Michigan Strategic Fund is planning to issue US$622.2 million Limited Obligation Revenue Bonds to finance the Michigan I-75 Modernization Project. The proceeds of the bonds will be loaned to Oakland Corridor Partners LLC (OCP), a special purpose limited liability company formed to develop and operate the project. OCP is

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01 Nov 2018

The Public Private Partnership (Amendment) Act 2018

The highly anticipated Public Private Partnership (Amendment) Act, No. 9 of 2018 (the PPP Amendment Act) was gazetted and came into force in September 2018. Earlier in the year in June 2018, we circulated a briefing analysing the proposed changes to the Public Private Partnership Act, No. 19 of 2010

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01 Nov 2018

Public-Private Partnerships: an Effective Legal Tool for Attracting FDI

In May 2018, the Parliament of Georgia adopted a Law on Public-Private Partnerships (‘PPP Law’) that provides a legal framework for co-operation between the public and private sectors when developing public infrastructure or providing municipal services. The PPP Law was, however, only enacted in late August, when the government adopted

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31 Oct 2018

Budget & finance committees move public-private partnership forward

JACKSON, Tenn. — “We do not want to raise taxes,” Madison County Commissioner Doug Stephenson said. “I mean, that’s our game plan. We’re going to do what we have money to do.” Now the question is, how will the county pay for the public-private partnership? “We’re going to make a

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29 Oct 2018

Money-laundering detected under public-private partnership

The joint investigation team (JIT) in the mega money laundering case has started a probe against officials for embezzlement of billions of rupees in the name of public-private partnership. The companies avoid government audit and evade laws while billions of rupees are provided to them. It is feared they are

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25 Oct 2018

Rebuild public universities with private-sector efficiency

The City University of New York is in the process of selecting a new chancellor. The longer it takes, the more challenging it will be for its next leader to address a critical issue: CUNY’s aging building stock. This is no small undertaking. The city’s public universities have 24 campuses

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25 Oct 2018

Public-Private Partnership in Technical and Vocational Education and Training to Promote Industry Relevant Skills

Bangladesh is doing quite well in terms of general education but we are lagging behind in skills development. To remain competitive in the global market we need to create skilled manpower through technical and vocational education and training. Our education system has to be more attuned to job-market needs. Without

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25 Oct 2018

Paris authority seeking concessionaire for US$2.4 billion Gastronomy City

The Paris-Rungis Gastronomy City Association (Syndicat cité gastronomie Paris-Rungis) has published a tender notice for a concession to construct and operate of a City of Gastronomy and implement an annexed real estate program. The estimated value of the concession is EUR2.084 billion (US$2.38 billion). The City of Gastronomy is planned

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