Florida Adopts Legislation on Public Private Partnerships Expanding Opportunities for Infrastructure Projects

Source: Paul Berkowitz, Agustin G. Corbella, Greenberg Traurig, LLP, May 18, 2013

The fiscal challenges faced by Florida in recent years have made the political climate more favorable for the use of Public-Private Partnerships (P3s). Recognizing the successful use by the Florida Department of Transportation of its authority under Section 334.30 to help finance, build and operate numerous roads, bridges and highways throughout the state, the Legislature has, this session, passed Bill CS/CS/HB 85 expanding the Florida P3 statute to allow the finance/build/operate model to be used in a broad range of projects outside of transportation. This action is anticipated to open opportunities for the use of the P3 model in a wide range of applications to help address Florida’s many varied and infrastructure needs….