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Public Private Partnerships

Public Private Partnerships. Presented by John Radford Oregon State Controller. Perception of Oregon Retirees. Reality for Oregon Retirees. Oregon Revenue Forecast. What is a PPP?.

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Public Private Partnerships

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  1. Public Private Partnerships Presented by John Radford Oregon State Controller

  2. Perception of Oregon Retirees

  3. Reality for Oregon Retirees

  4. Oregon Revenue Forecast

  5. What is a PPP? • A Public-Private Partnership is a contractual agreement between a public agency (federal, state or local) and a private sector entity. Through this agreement, the skills and assets of each sector (public and private) are shared in delivering a service or facility for the use of the general public. In addition to the sharing of resources, each party shares in the risks and rewards potential in the delivery of the service and/or facility. source: www.ncppp.org

  6. NCPPP • National Council for Public Private Partnerships • A 501-C3 non-profit organization • Members from both public and private organizations. • www.ncppp.org

  7. Types of PPP projects • Energy • Operation and Maintenance Contracts • Public Safety • Public Works • Real Estate and Economic Development • Technology Infrastructure • Transportation Infrastructure • Water/Wastewater Infrastructure

  8. Diversity • PPP’s occur at all levels of government • Federal • State • County • City

  9. Examples of PPP • Federal • Dept. of Defense Central Utility Plant at Fort Detrick, Maryland (Energy, steam and water for bio-medical services) • Herryford Village at Fort Belvoir, Virginia (Housing and retail construction)

  10. Examples of PPP • State • Massachusetts Route 3 North Project (Transportation, private financing) • Connecting Minnesota (telecommunications infrastructure, increased capacity) • University of Maryland Energy and Utility Infrastructure (Electric power plant, steam and chilled water for 150+ university buildings)

  11. Examples of PPP • Oregon • ODOT Office of Innovative Partnerships and Alternative Funding • Jackson County library network operational outsourcing (outsourcing of library operations and infrastructure) • Oregon Opportunity (legislative appropriation of $200 million to advance biomedical research at OHSU)

  12. Examples of PPP • County • El Paso County Water Treatment Services (Well and treatment plant construction, 20 year lease-purchase agreement with 20 year maintenance contract) • South County, VA Secondary School (development, design, financing and construction of a mixed middle and high school facility)

  13. Examples of PPP • Cities • Nashville District Energy System (heating and cooling services through a trash burning plant) • Great Falls MT wastewater treatment plant (operation, maintenance and capital construction) • Washington DC Automated Traffic Photo Enforcement (red light camera installation, operation, maintenance and citation issuance)

  14. Benefits of a PPP • Project acceleration • Risk mitigation (construction costs, financing, project delays) • Strength of private equity • Utilize industry expertise • Reduced capital investments • Increase property or asset values • Maintain revenue streams • Advances in technology • Improved infrastructure development and maintenance

  15. Keys to PPP success • Political leadership (a “champion”) • Organized structure • Dedicated unit and trained personnel • Good governance • Detailed business plan and contract • Performance oriented • Milestones • Risk allocation

  16. Keys to PPP success • Guaranteed revenue stream • Tolls/fees • Maintenance contracts • Tax districts • Underutilized assets • Concession model • Stakeholder support • Public and private sectors • Labor unions • End users

  17. Keys to PPP success • Pick your partners carefully • Long term relationships • Best value vs. lowest price • Verify capability and experience • Identify sectors motivations • Need • Political • Return on investment • Timely execution • Reduced risk

  18. Keys to PPP success • Most important: Strong Leadership will bring all of the factors together!

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