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Updates to North Carolina P3 Law



by Joshua A. Levy
Peckar & Abramson A Professional Corporation - Miami Office

Frank M. Rapoport
Peckar & Abramson A Professional Corporation - New York Office

November 21, 2013

Previously published on November 2013

Public-Private Partnerships, commonly referred to as P3s, are contractual agreements between public and private entities that provide for significant involvement of private entities in the delivery and financing of public buildings and infrastructure projects. Under a P3 agreement, the private entity assumes the project’s financing and is entitled to either the revenue generated from project activities or performance-based government payments.


 

The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.
 

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