As private participation in public airports becomes a global trend, there are a number of concerns and debates over the conflicting interests of the private and public sectors. For instance, the private sector's interest in maximizing profits often opposes the public sector's interest in...

The U.S. has done much to promote the benefits of private sector participation in infrastructure in recent years. However, several major bottlenecks have impeded the implementation of these advances. Most challenging has been the myriad and continuing political oppositions, public controversies,...

Value for Money (VfM) is the standard evaluation framework for infrastructure public-private partnership (P3) alternatives to traditional public-sector project procurement and financing. VfM's primary focus is on a net present value cost comparison between the alternatives. However, in light of...

Value for Money (VfM) is the standard evaluation framework for infrastructure public-private partnership (P3) alternatives to traditional public-sector project procurement and financing. VfM's primary focus is on a net present value cost comparison between the alternatives. However, in light of...

Urban infrastructure development and maintenance needs in the United States are not being met. Likewise many U.S. cities have been slow to adopt innovative new procurement models for infrastructure development and smart city programs despite their apparent benefits. This paper assesses the...

Once an integral component of company-sponsored compensation schemes in many Western economies, private defined benefit (DB) pensions are in decline. For many, DB schemes (and their related healthcare liabilities, depending on the jurisdiction) have hobbled the financial wellbeing of plan...