Public-Private Partnerships in Puerto Rico
"At the end of the day, we are benefiting from savings," explains David Alvarez, executive director of the Puerto Rico Public-Private Partnerships (PPP) Authority. "The government is not dedicating more resources to (infrastructure) and the taxpayers are receiving value."
Although vital public projects such as schools, roads, and airports have traditionally been the domain of the government, Alvarez tells ReasonTV "it's important that we incorporate private investment into the infrastructure." He add that PPP projects add nothing to the public debt and are completed faster and more efficiently than traditional government-administered ventures.
Runs about 2.56 minutes.
Produced by Anthony L. Fisher, camera by Joshua Swain and Anthony L. Fisher. Interview by Len Gilroy.
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"Runs about 2.56 seconds."
That's a pretty short video.
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OT:
"House Oversight and Government Reform Committee chairman Darrell Issa (R-CA) released a report today on failed mortgage company Countrywide’s use of a VIP loan program to curry favor with Beltway decision-makers."
http://oversight.house.gov/wp-.....207-PM.pdf -
Private parties are more efficient, but there's always the risk of growing government faster and in disguise, as it's easier to hide government growth through what end up being permanent contractors. This setup seems like a nice way to alleviate the latter, as there's no question that private industry is investing in government projects.
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We have wonderful examples of PPP in the US: Fannie Mae, private prisons, Solyndra and even California's high speed rail (although the private part is just what the supporters are expecting).
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Public/Private Partnerships are 1) sadly necessary because of the thicket of regulations that prevent purely private enterprise from getting anything worthwhile done in a timely or economical fashion; 2) fascism by another name.
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Although vital public projects such as schools, roads, and airports have traditionally been the domain of the government, Alvarez tells ReasonTV "it's important that we incorporate private investment into the infrastructure." He add that PPP projects add nothing to the public debt and are completed faster and more efficiently than traditional government-administered ventures.
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He add that PPP projects add nothing to the public debt and are completed faster and more efficiently than traditional government-administered ventures.
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e Partnerships are 1) sadly necessary http://www.ceinturesfr.com/cei.....-c-13.html because of the thicket of regulations that prevent purely private enterprise from getting anything worthwhile done in a timely or econ