This week, the D.C. Council released a Committee of the Whole report on B20-0595, “Public-Private Partnership Act of 2014”. The District is one of several jurisdictions that does not have outright P3 authority. They have been able to deliver several infrastructure projects through public-private partnerships but these required special legislation.
This bill would establish an Office of Public-Private Partnerships to streamline delivery of P3s. Under Section 112 (10) of this proposed rule the P3 agreements would require “performance and payment bonds or other security and risk-mitigation tools deemed suitable by the Office”. The Committee of the Whole reported favorably on the bill and it is currently under Council review.
NASBP will continue to keep members apprised of any developments to this legislation. The Committee Report can be accessed
here.