Yesterday the Congressional Budget Office released a report titled “Do Public-Private Partnerships Build Roads More Quickly or at a Lower Cost?” Due to revenue shortfalls states and local governments are looking for alternative methods to meet their infrastructre needs. One common option has been to create public-partner ventures when building highways, bridges and roads. The Senate Budget Committee asked CBO to determine if these public-private partnerships resulted in cheaper and faster projects.
CBO concluded – it is not cheaper or faster to partner with the private sector. [Read more...]