I've mentioned several times that the public-private-partnership (P3) model is being much more widely used outside the U.S. than within. And, I think this model is one important tool in addressing some of our critical public policy needs, primarily updating and building new infrastructure to keep our economy competitive.
Our neighbors to the south in Mexico are now providing a great example of exactly this thesis. President Lopez Obrador has announced a $43 billion program of 147 projects, most of them a variety of infrastructure, to be completed by the end of his term in office. Eighty percent of the funding for these projects will come from private-sector sources. We can likely learn a lot about what works and what doesn't from Mexico while they use the P3 model to get more done than either the private or public sectors could do by themselves.
"The plan is basically with private investment. This is important because the participation of the private sector is needed for the economic growth of the country and public investment is important but it functions as seed capital to trigger growth with the participation of the private sector."