Tennessee and Kentucky consider P3 legislation

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Tennessee and Kentucky consider P3 legislation

The states of Tennessee and Kentucky in the United States are about to implement legislation bills that could allow governments in both states to begin developing transportation projects through PPP.

Additionally, the legislation in Kentucky would allow the use of this procurement method for other public projects.

Legislators in Nashville, Tennessee, are considering Senate Bill 2093, which would authorize local and state governments to look for PPPs and give partners the power to seek loans, purchase rights of way and collect fees.

The law draft, also would permit developers to submit unsolicited proposals but including a 90-day period during which other companies could submit their competition proposals.

According to local sources, a project that could be built through a P3 is the bus rapid transit line connecting Nashville and Clarksville. To date proposed sources of funding for the project have not been clarified.

According to sources, Kentucky is also considering two identical bills that would permit state and local governments to use P3s develop capital projects. However, projects worth more than $25 million would require the General Assembly’s approval.

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