US social P3 plans advancing

EXCLUSIVE: Support is building for the Performance-Based Building Coalition’s (PBBC) proposed legislation to promote social P3s in the US, P3 Bulletin can reveal.

The organization now has full support from chairman of the senate committee on finance Ron Wyden, who has confirmed that the plans will be included in the next transportation bill.

In addition, the PBBC is also working with Treasury to provide new guidelines for potential regulatory changes, by executive order, that will assist with the procurement of new deals.

Founder of the PBBC and senior vice president and development director of Aecom Capital Sam Barend told P3 Bulletin that plans were heating up as the new year approaches.

“We are really focussed now on finding a Republican sponsor from the Senate,” she said. “We are confident of the support we have and now it is just a case of lining up a champion like we have on the House side.”

The PBBC will also now be working on a series of rountables to promote the benefits of P3, which are due to begin in January.

More information on the PBBC’s plans will be discussed at its P3s for Public Buildings Summit held in Miami on November 17 and 18.