Governor Bob McDonnell might as well have put a for-sale sign on Virginia’s front lawn when he announced that the state’s Office of Transportation Public-Private Partnerships (OTP3) has a “pipeline” of potential privatization projects. The governor and Sean Connaughton, the head of the Department of Transportation, appear to be racing to move as many of Virginia’s public assets into private hands as possible. The Bond Buyer has the story:
In a move that is likely to make Virginia the leading state for public-private partnerships, Gov. Robert McDonnell has announced 22 transportation and infrastructure projects that may be developed as P3s.
The governor is asking for public input on the projects, which include highway, seaport and spaceport projects that are either under active consideration or flagged as possible candidates for P3s.
“It’s a fairly major step forward for P3s in Virginia,” said Secretary of Transportation Sean Connaughton.
Virginia’s 1995 legislation enabling P3s allows private companies to submit unsolicited proposals that meet certain guidelines, and that is how most of the commonwealth’s P3 projects have emerged, Connaughton said.