Arkansas Public-Private Partnerships and a new US Infrastructure Bank Although revenue bonds and public-private partnerships (P3s) are valuable tools for financing infrastructure projects in Arkansas, a U.S. Infrastructure Bank could also help projects move forward. As a project finance attorney and construction lawyer in Arkansas, I assure that many borderline bankable projects fall by the…
Read More
A Brief History of Construction Law
A Brief History of Construction Law In the United States – and internationally – construction law as a distinct body of law comprised of regulatory, statutory, contract, property, tort, insurance and surety law is a relatively recent phenomenon. Arkansas is no different. Construction law in Arkansas has followed the same trajectory as other states.…
Read More
Arkansas Public-Private Partnerships Part 2: History of Public-Private Partnerships (P3s)
HISTORY PUBLIC-PRIVATE PARTNERSHIPS IN ARKANSAS AND ABROAD It should be remembered that private investment in American infrastructure in partnership with a government is not a new thing in Arkansas or any other state. Throughout the 1800s, in fact, federal and state governments granted lands to railroad companies in exchange for the railroad companies to finance,…
Read More
Arkansas Public-Private Partnerships Part 1: Public-Private Partnership (P3) Overview
ARKANSAS PUBLIC-PRIVATE PARTNERSHIPS AND GENERAL P3 OVERVIEW In Arkansas and other states, a Public-Private Partnership (P3) project is a design and construction project delivery method for a public project, and it encompasses operation, maintenance, and financing. Though public-private partnerships offer an alternative to fund and finance infrastructure projects, it has no relationship to municipal bonds…
Read More