Lori Rockhead opines on Bermuda's use of Public Private Partnerships (P3) to deliver infrastructure and the projects which may be in the pipeline, in the article Infrastructure: An Overview.
Lori Rockhead, Senior Manager at KPMG in Bermuda, comments on the Government of Bermuda’s use of P3 delivery models to redevelop critical infrastructure and achieve policy objectives in the ACBDA Limited publication Investing in Bermuda - A Piece of Paradise publication. Lori’s article: Infrastructure: An Overview, offers insights on Bermuda’s pipeline of projects.
Modern infrastructure is often taken for granted. Rather, infrastructure deficiencies are far more noticeable (e.g. sidewalks that are buckled, or having to wait in the hot sun to checkin at an airport). Fortunately, Bermuda has enjoyed a high standard of infrastructure for the past half century.
Owing to fiscal constraints many governments are no longer able to finance infrastructure from capital reserves and therefore are increasingly financing major infrastructure projects through public private partnerships (P3s). P3 delivery models are well recognised for helping the public sector to benefit from innovation and generate value for money due to competitive tension. P3s have become a well-established method for delivering infrastructure in the UK, US, Canada, Europe and Australia.
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