Washington D.C. Passes Innovative Public Private Partnership Act
The Washington, D.C., City Council on Dec. 3 unanimously passed the Public-Private Partnership Act of 2014, establishing a legislative framework for P3s in the District of Columbia.
“We have unfunded infrastructure needs that total in the billions of dollars,” said Mayor-Elect Muriel Bowser, who proposed the legislation. “The Public-Private Partnership Act gives us an innovative tool to close that gap and deliver on major projects in an efficient and cost-effective way.”
The legislation creates a new Office of Public-Private Partnerships that will report to the City Administrator and establishes a P3 procurement process that is transparent and ensures public participation, according to the Washington Sun.
The bill will allow the District to move forward building much-needed infrastructure without hitting the District’s 12 percent debt cap, in much the same way P3s have allowed Virginia and Maryland to do in recent years.
Bowser is asking her transition office to work with a broad coalition of business, labor and civic groups to create the new office.