2023 Reports

The Public-Private-Partnership (P3) Model as a Tool for Building and Retrofitting Infrastructure for Sustainability and Resiliency in the U.S.

Ortega Zapata, Liliana

On the path towards a more sustainable world, investing in green and resilient infrastructure is essential. Various actors have acknowledged the P3 model for its potential to foster sustainable development, particularly from the perspective of project inception, bidding criteria, and construction management of new infrastructure. However, as it relates to existing infrastructure, the challenge is identifying areas of opportunity for sustainability in retrofits in a cost-effective and timely manner. This paper demonstrates how the P3 contract model is suitable to respond to the sustainability needs of new and existing infrastructure and provides examples of how U.S. P3 parties are undertaking climate change mitigation projects (e.g. Fargo-Moorhead flood diversion), integrating Environmental, Social and Governance (ESG) considerations in retrofitting projects (e.g. Washington DC Streetlight) and in operating assets (e.g. Port of Miami Tunnel).