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Home Local Maryland Government Announcement Originally published May 08, 2013

LT. GOVERNOR BROWN, GOVERNOR ED RENDELL TO GIVE REMARKS AT URBAN LAND INSTITUTE P3 FORUM



 

LT. GOVERNOR BROWN, GOVERNOR ED RENDELL TO GIVE REMARKS AT URBAN LAND INSTITUTE P3 FORUM

FOR PLANNING PURPOSES


CONTACT:        
Jared Smith
Office: 410-260-3888
Cell: 443-370-6896

LT. GOVERNOR BROWN, GOVERNOR ED RENDELL TO GIVE REMARKS

AT URBAN LAND INSTITUTE P3 FORUM

 

LINTHICUM HEIGHTS, Md. (May 8, 2013) – On Thursday, Lt. Governor Anthony G. Brown and former Governor of Pennsylvania Edward G. Rendell will give remarks and answer questions at the Urban Land Institute Baltimore’s forum on Maryland’s new Public-Private Partnerships (P3) legislation, passed by the General Assembly during this year’s Legislative Session. The event, sponsored by Ballard Spahr, will also feature a panel discussion among leaders from the public and private sectors with extensive P3 experience in commercial and institutional development, as well as infrastructure projects. For more information on the event, click here <http://baltimore.uli.org/events/marylands-new-public-private-partnerships/.

 
“Thanks to the legislation we passed this session, future public-private partnerships in Maryland could finance up to 10 percent of our capital budget and create 4,000 jobs for Maryland’s workers,” said Lt. Governor Brown. “This Forum is a great opportunity to continue our partnership with the private sector as we work together to rebuild Maryland’s infrastructure, which will strengthen our economy and help grow our communities.”
 
The legislation, championed by Lt. Governor Brown and signed into law by the Governor last month, creates an enhanced framework for future 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 six to ten percent of Maryland’s $3.1 billion annual capital budget and create 4,000 jobs.



WHAT:       
Lt. Governor Brown, Governor Rendell to Give Remarks at Urban Land Institute P3 Forum


WHERE:
Hilton Baltimore BWI
1739 West Nursery Road
Linthicum Heights, MD


WHEN:       
TOMORROWThursday, May 9, 2013
9:15 AM