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Moving Beyond Theory – PPP Success Stories

Moving Beyond Theory – PPP Success Stories. Christopher D. Lloyd NCPPP-Texas Conference January 25, 2012. Virginia in the Vanguard. Virginia PPTA (1995) and PPEA (2002) legislation seen as model statutes – basis for Texas law Virginia has done 150+ deals Range from $1.5 million - $5 billion+

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Moving Beyond Theory – PPP Success Stories

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  1. Moving Beyond Theory – PPP Success Stories Christopher D. LloydNCPPP-Texas ConferenceJanuary 25, 2012

  2. Virginia in the Vanguard • Virginia PPTA (1995) and PPEA (2002) legislation seen as model statutes – basis for Texas law • Virginia has done 150+ deals • Range from $1.5 million - $5 billion+ • Continuously evolving and improving process

  3. PPEA Implementation What Makes Projects Go Well • Open and collaborative process between public and private sectors • Atmosphere that encourages innovation and creativity • Include public, press and other stakeholders • Objectives (cost savings, time, limits on risk) are clear from the beginning

  4. PPEA Implementation What Makes Projects Go Bad • Unnecessary closed door discussions • Public sector shifts all risk, not willing to pay for it • Staff objections to process • Owner did not establish clear criteria and goals upfront to properly assess performance and success at end • Cost overruns and scope creep • Public sentiment turns away from development • Negotiations never end • Project is overly defined or restricted

  5. Project Examples

  6. Project Examples

  7. SPSA Waste to Energy • Sale of waste-to-energy plant to Wheelabrator/Waste Management • Provides for substantial rehabilitation to neglected facility • $150 million cash infusion lowers SPSA debt/tipping fees • Allocation of PAB’s lowers costs – merges public and private financing vehicles

  8. PPEA Success Stories • Corrections • Public Safety • Courthouses/municipal office • Water and wastewater infrastructure • Mental Health

  9. Infrastructure & Economic Development | Federal Public Affairs | Strategic Communications & Grassroots Mobilization State & Local Government Affairs | Emerging European Markets Atlanta • Austin • Charlotte • Charlottesville • Chicago • Columbia • Norfolk • Raleigh • Richmond Springfield • Tyson’s Corner • Washington, D.C. | Bucharest, Romania www.mcguirewoodsconsulting.com

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