|Author: Maile Bucher | Publication: Mass Transit Magazine|
Public-private partnerships (P3’s) are an asset to public transportation agencies. One of the most beneficial aspects is the ability for agencies to shift certain financial and construction risks to private companies. P3’s have the ability to utilize funding and grants from both regional and local transportation authorities – the process of P3’s can provide a greater level of investment benefits. P3’s can also be utilized in a number of different applications; including design/build, implementation of passenger services and technologies.
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