Public–private partnerships (P3s or PPPs) can be mutually beneficial opportunities for private companies and public entities, including state, municipal, and regulatory entities. Companies are able to participate in unique financing opportunities and gain access to favourable rates and resources. At the same time, public entities benefit from professional management and development expertise to gain affordable infrastructure to address public needs.
Every P3, sometimes referred to as a PPP, relies on third parties to provide administrative management, execution, and oversight. AST offers multiple services in a P3 arrangement. They include the following:
- Indenture trustee
- Insurance trustee
- Security agent
- Paying agent
- Escrow agent
The success of a P3 is highly dependent upon the team that the private sector P3 partner assembles to fulfill its obligations to the public owner. AST will be an effective partner that delivers the best value for dollar.
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