A number of states and cities are turning to P3 arrangements as a way to speed up construction of costly transportation and infrastructure projects. For example, the Michigan Department of Transportation is working with private-sector partners to finish a $1 billion state highway modernization project in Oakland County. Using a P3 to design, build, finance and maintain the remainder of the Michigan project, rather than waiting on public funds to become available, could shorten the construction schedule by up to a decade, The Detroit News reported.
Speeding up the review process that the federal government requires on projects it finances was probably what Miami Beach officials had in mind when they voted nearly two years ago to start development of a $380 million light-rail streetcar system with French company Alstom.
