P3KY’s monthly I-Poll found that Kentucky’s infrastructure, particularly broadband and water infrastructure, are in need of major investment.
If there was any question about the federal government’s appetite for public-private partnerships, Transportation Sec. Elaine Chao left no doubt during an address to business leaders last week in Louisville.
Madison County received more than 10 responses to an RFP to create a local public-private partnership (P3) to address the growing drug epidemic.
P3 Kentucky is a couple of months old now, but we’ve never really broken down or explained public-private partnerships – at least the way we view them. Because Kentucky P3 legislation is just about a year old, the concept is new to many.
How can we make this work? This can be a tough question when considering a public-private partnership, whether you’re a public official, business owner or community leader.
Kentucky included an interesting option for businesses when it passed public-private partnership (P3) legislation last year – one that hasn’t yet been fully used.
With tight budget times Kentucky localities will need to be smart, creative, open minded and innovative to ensure infrastructure projects move forward. One way to accomplish this is usage of Kentucky’s new public-private partnership (P3) law.
Leaders in the Bevin Administration continue to promote the idea of using public-private partnerships to advance some public projects in Kentucky. The latest to speak up was Cabinet for Economic Development Secretary Terry Gill.
In recent weeks, we’ve heard a lot about Kentucky’s growing infrastructure needs and the apparent lack of short-term funding to meet those needs – both at the state and local levels.
President Trump’s proposed budget, released last month, includes an expansion of the Transportation Department’s private activity bond program (“PAB”) which should help projects using public-private partnerships.