Private Funds, Public Projects

by Corinne S. Bernstein, Assistant News Edit.; Civil Engineering—ASCE, 345 E. 47th St., New York, N.Y. 10017,

Serial Information: Civil Engineering—ASCE, 1985, Vol. 55, Issue 9, Pg. 50-53

Document Type: Feature article


Tapping private sources for public services is not new, though the concept has advanced from traditional contracting for services, which has been around since pre-Revolutionary War days. In 1985, privatization generally refers to a financial partnership between the public and private sectors for competing projects that federal, state and local governments have traditionally funded and municipalities have owned and operated. Privatization is growing slowly and receiving guarded acceptance, as financial, technical and legal consultants study its options. Municipalities have taken their first peeks at the design-build-operate form of privatization in the resource recovery, cogeneration, district heating and hydropower industries. Wastewater and water treatment, rail and prison projects are newcomers to this sort of funding.

Subject Headings: Privatization | Local government | Private sector | Public private partnership | Project management | Financial management | Water treatment | Public services

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