By Nolan Miles
P3 Kentucky Staff Writer
With the President’s infrastructure plan pending release this month, 2018 will push states now more than ever to look at alternative funding mechanisms to finance infrastructure projects. Among those financing mechanism are public-private partnerships, which many states have already initiated to complete much-needed statewide improvements.
Shifting some of the upfront financial burden to the private sector has caught the attention of state governments nationwide and is changing the developments of infrastructure improvement plans. While the risk of public-private partnerships rests in the hands of the private sector’s ability to maintain the project and manage it efficiently, we’re seeing more and more states initiate P3s.
Apart from public-private partnerships, states are looking to infrastructure banks, bond issues and gas taxes as alternative methods to fund infrastructure projects.
Read more about alternative infrastructure funding here.