Source: Executive Intelligence Review

by Marcia Merry Baker

In early November, the latest big-deal PPP (public-private partnership) in the United States was announced: Morgan Stanley won the bid for a 99-year lease, with full fee-collection rights, on four Chicago municipal parking garages, in exchange for an up-front payment of $563 million to the city. In Pennsylvania, home to the nation's first turnpike system, Gov. Ed Rendell (D) and others are floating the idea of gaining $10-30 billion by granting a private concession to their public highways. New Jersey and Delaware have similar proposals. On Nov. 15, Indiana Gov. Mitch Daniels (R) was given an award by the National Council for Public Private Partnerships, for his leadership in selling off state assets, such as the $3.85 billion sale of a 75-year private lease for the northern Indiana toll road, in June 2006.

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Posted by pichu at December 8, 2006 12:13 PM