Elaine Buckberg, deputy assistant secretary for policy coordination at the Treasury Department, has highlighted theÂ government’s work to build up public-private partnerships in infrastructure investments in order to drive U.S. economic growth.
Buckberg wrote in a blog post published WednesdayÂ that the department has released a white paper onÂ potential approaches for government and private investors to share risks and profits in infrastructure projects.
The “Expanding the Market for Infrastructure Public-Private Partnerships” paper seeks to supportÂ President Barack Obama’sÂ Build America Investment Initiative and provides frameworksÂ to designÂ public-private partnerships and facilitateÂ more private financing” for projects, she says.
“Executed well, PPPs harness private sector capital and management expertise to address the challenges of modernizing and more efficiently operating infrastructure assets,”Â Buckberg wrote.
“Taxpayers can benefit through lower long-term project costs, improved service quality, and faster completion of infrastructure projects.”
She notes thatÂ partnerships on infrastructure projects also work to support local economies, small businesses and job creation.