Traditional funding mechanisms for large-scale infrastructure and transportation projects have been challenged in recent years, encouraging states/provinces and regional jurisdictions to find innovative strategies to fund projects. Although, partnering with private funding sources has found success in Canada and select U.S. states, a lack of harmonized regulation and disparate financing laws present challenges in coordinating infrastructure and transportation planning efforts.
PNWER's Innovative Infrastructure Finance task force plays an important role by sharing best practices and the public benefits of public-private projects (P3s).
Major focus areas of this group include:
For more information on the Innovative Infrastructure Finance Taskforce, please click here.
Infrastructure Finance is also closely linked to the Transportation working group, located here.
Action Items & Findings
Presentations from the 2019 PNWER Annual Summit in Saskatoon
Welcome and Overview of Innovative Infrastructure Finance Taskforce
Investing in American and Canadian infrastructure from public and private resources has rarely been higher on the political agenda of the two countries as it is today. PNWER is seeking to expand the public private partnership initiative through a federally sanctioned regional accelerator. This session will explore the latest developments in Washington D.C. and local and private sector responses.
The federal government and PNWER regional accelerator:
Session will examine fast tracking public-private partnerships (P3’s) and existing federal credit and loan programs (Transportation Infrastructure Finance and Innovation Act (TIFIA) and Railroad Rehabilitation and Improvement Financing (RRIF). The Trump Administration proposes to replace the FASTLANE program with the $1.5 billion INFRA program.
Can P3s enhance project delivery and permit reform? Why do we need them in limited resource and lower expertise environments? What purpose do they serve for urban regions (Vancouver B.C., Seattle- Tacoma, Portland) and rural regions (Port of Everett, Washington and Kalispell, Montana)?
Moderated by Leslie Blakely, President, Coalition for America’s Gateways and Trade Corridors
State and local government response: designing state and local initiatives to leverage federal infrastructure initiatives
Columbia River I-5 Bridge Replacement Project
University Partnerships and Applied Research
Canada accelerates P3s; opportunities for Northwest states
Canada is recognized as the global leader in building effective P3’s with more than 250 projects with a total capital value of over $120 billion. Between 2003 and 2012, P3 projects in Canada generated $15 billion in direct GDP, nearly 300,000 in direct, full-time equivalent jobs, and $7.5 billion in direct tax revenue to governments across Canada.
Performance-based Infrastructure on the West Coast
Moderated by Mark Romoff of the Canadian Council for Public Private Partnerships
Successful Leadership in Private-Public Partnerships
Advancing the Cascadia Innovation Corridor and Enhancing Cross-Border Connections
Program Coordinator, PNWER
Banner photo by kidkutsmedia