LT. GOVERNOR BROWN TO TESTIFY ON BEHALF OF ADMINISTRATION’S
PUBLIC-PRIVATE PARTNERSHIPS LEGISLATION
ANNAPOLIS, Md. (February 20, 2013) – TODAY, Lt. Governor Brown will testify before the Senate Budget & Taxation Committee in support of the O’Malley-Brown Administration’s Public-Private Partnerships legislation (SB538/HB560). The bill creates a framework for future public-private partnerships (P3s) that will provide the private sector with a stronger, more predictable and streamlined process that balances risks and protects public assets, while ensuring a strong workforce. It is prospective and revenue neutral. Last week, Lt. Governor Brown testified in favor of the bill before the House Environmental Matters Committee.
Specifically, the legislation will add additional oversight at the beginning of a project, while reducing the amount of time for a project to receive final approval; require open and competitive solicitations for all projects; and allow the private sector to submit new “unsolicited” concepts to address Maryland’s infrastructure needs. Initial estimates have found that additional P3s could contribute between six percent and ten percent of Maryland’s $3.1 billion annual capital budget while creating as many as 4,000 jobs. While Maryland has entered into three P3 deals over the past five years, the private sector, Department of Legislative Services and General Assembly have asked that the Administration improve Maryland’s P3 process in order to attract private investment to help build new infrastructure in Maryland.
WHAT: Lt. Governor Brown to Testify on Behalf of Administration’s Public-Private Partnerships Legislation
WHERE: Senate Budget & Taxation Committee
Miller Senate Office Building, Suite 3W
WHEN: TODAY, Wednesday, February 20, 2013