Maryland’s New PPP Legislation Opens the Market for Major Infrastructure Projects

“Maryland’s new public-private partnership statute opens a market with huge infrastructure needs to any entity that wants to be involved in the financing, development, construction or operation of major infrastructure projects,” Gans said. “The statute explicitly provides that it is the State’s public policy to deliver needed infrastructure assets through the use of public-private partnerships and defines broadly the type of assets that are eligible for this delivery method.”

He added, “By adopting the new standards, Maryland is now able to take advantage of private sector capital and ingenuity. For a P3 project that is in the public’s interest, almost any financing or delivery mechanism that the debt/equity markets will support can be used.”