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Why Isn't the U.S. Better at Public-Private Partnerships?

Officials in British Columbia have encountered a unique problem in recent years that most jurisdictions would be thrilled to have: Infrastructure projects are being completed not just on time, but early. Way too early. Builders have been finishing hospitals, for example, so far ahead of schedule that they haven’t even been allocated operating funds. “We had to limit how early they could be built,” says Sarah

Clark, president and CEO of Partnerships British Columbia. Clark’s office is charged with helping the province navigate the world of public-private partnerships, to make sure deals are structured properly so the public gets the best return on its investment in infrastructure. So far, it appears to be doing just that, racking up a record number of projects that are finished on schedule and at significant savings to taxpayers.

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