STATEMENT FROM LT. GOVERNOR BROWN ON FINAL PASSAGE OF
PUBLIC-PRIVATE PARTNERSHIPS LEGISLATION
ANNAPOLIS, Md. (April 8, 2013) – Lt. Governor Anthony G. Brown today issued the following statement in response to the General Assembly’s final passage of the Administration’s Public-Private Partnerships (P3s) legislation to create jobs by attracting private investment in Maryland’s infrastructure:
“Recently, President Obama called on leaders in government and the private sector to work together in expanding public-private partnerships as states throughout our country face a growing set of infrastructure challenges. In Maryland, we’re facing the same obstacles – going forward, it would cost $12 billion to complete just the top project in each of our 23 counties and Baltimore City alone. And while our economy is moving in the right direction, both state and municipal budgets remain under stress as they recover from the Great Recession.
“With passage of this legislation – which has the support of a broad coalition, including both the labor and business community – we’ve established a predictable, accountable, transparent, and streamlined process for future P3s. Our legislation will encourage additional private sector investment in Maryland and put more Marylanders back to work. I want to thank the members of the General Assembly and all stakeholders for their hard work throughout this process. Their efforts are going to help move Maryland forward as we invest in a modern, 21st Century infrastructure.”
The legislation, championed by Lt. Governor Brown, passed the House of Delegates today by a vote of 117-18 and passed the Senate last week by a vote of 46-0. The bill creates an enhanced framework for future public-private partnerships (P3s) that will attract private investment to help build new infrastructure in Maryland.
Specifically, the legislation provides the private sector with a stronger, more predictable and streamlined process, protects public assets, ensures a strong workforce, requires competitive bidding for all projects and allows the private sector to submit new “unsolicited” concepts to address Maryland’s infrastructure needs.
Initial estimates have found that additional P3s could contribute up to six to ten percent of Maryland’s $3.1 billion annual capital budget while creating as many as 4,000 jobs.