March 14, 2016
On Friday the 11th of March, IP3's Executive Director David Baxter participated in a panel discussion on PPPs at the 9th Global Infrastructure Leadership Forum held in Washington, D.C. The panel discussion focused on defining PPPs, misconceptions on how PPPs work, the leading PPP markets, success stories, and keys for success pertaining to PPP frameworks, institutional competency and capacity building. The panelists included Professor Richard Geddes from Cornell University, John May from Stern Brothers. The convener of the panel was Luis Corzo of CG/LA. Approximately 60 people attended the session. After the presentations, the floor was opened for a lively question and answer session regarding project finance of PPPs and risk management of projects. There was over all consensus that the application of PPPs to infrastructure development has not yet reached full potential in the U.S. Market.
It was concluded that institutional capacity building (both in the public and private sectors) is required, as well as political support. Over all, the lively session was a great success. One take away was that consensus building on project objectives is a critical path towards trust building between partners and stakeholders involved in PPPs.