Source: https://www.asce.org/, March 12, 2024

Capital improvement projects can be prohibitively expensive. The government (or public sector) often looks for private investors to help pay for these projects that benefit the public. As of the most recent ASCE Report Card in 2021, the investment gap is nearly $2.59 trillion. This deficiency leads the government to turn to private industry to bridge the gap and help develop new and innovative approaches to infrastructure projects. There are quantifiable benefits from this public-private partnership, including improvements in public services and infrastructure, access to private sector sources and expertise, and improved performance and overall lifecycle costs. Despite these proven benefits, disputes and contract conflicts are common in PPP projects. Read more.