By Matthew Hanson

13 March 2007

The Bond Buyer

PALM BEACH, Fla. -- Still in the early phases of deciding how public-private partnerships will work into transportation finance plans, Florida officials are considering some best practices to ensure the state gets the best deals possible for any potential P3s.

Part of making sure that the state and its cities gets as much as possible from future P3 deals means, among other things, limiting the maximum length of long-term concession deals, refusing to include non-compete clauses in concession agreements, and maintaining the state's policy of having the legislature appropriate any payment to the concessionaires, said William Thorp, chief financial officer of Florida's Turnpike Enterprise, at a P3 conference hosted by MBIA Inc. last week here.

Full story...

Posted by pichu at March 13, 2007 3:26 PM