Florida Jump-Starts Public Projects With New Finance Law
Law360, Miami (July 2, 2013, 7:58 PM EDT) -- Florida has long used public-private partnerships to fast-track major transportation improvements, but new guidelines that took effect this week expanding their use should jump-start other much-needed public infrastructure projects and help establish the state as a leader in the use of the funding mechanism, experts say.
Projects like the Port of Miami Tunnel and I-595 Express Corridor have already put Florida among the national leaders, along with California and Puerto Rico, in building transportation projects through so-called P3s, in which private entities finance and construct public facilities, then run and collect revenue from them for a specific period of time....
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