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Yeah right. I am extremely wary of Public-Private Partnerships (PPP).

Me too, but not if they are structured correctly, which is beginning to happen. eg City of Glasgow now has three municipal LLP "partnerships" with several more to come.

The key IMHO is a new take on financing through the creation of new forms of "Public Equity" in vehicles other than "the Corporation" which may be the entity that makes the Private sector "private", but is not, in fact, obligatory.....

I believe that it is possible to provide long term financing of public transport much more cheaply than by conventional "deficit-based" (ie secured debt created by credit institutions) finance through:

(a) "unitising" the resulting revenue streams; and

(b) capturing some of the land value created along the route, particularly in the vicinity of stations;

through the use of partnership-based frameworks for financing and assets maintained in public ownership by "Custodians".

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Thu Sep 4th, 2008 at 05:50:49 AM EST
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