Public private partnerships (P3s) are contractual agreements between a public agency and a private entity that allow for greater private participation in the delivery of projects. In transportation projects, this participation typically involves the private sector taking on additional project risks such as design, construction, finance, long-term operation, and traffic revenue.
The transit authority in my state is already in one of these agreements.
No private sector entity will agree to something like that with a union in place. Corporate America despises unions.
They’re working on changing that whole public thing…
The transit authority in my state is already in one of these agreements.
No private sector entity will agree to something like that with a union in place. Corporate America despises unions.