Missouri government has signed legislation to permit the state universities to use Public-Private Partnership procurement method to develop infrastructure and necessary services on campuses. The law will allow a higher level educational institutions to enter into concession agreements, like DBFOT (Design, Build, Finance, Operate, Transfer) and pay annual payments on private sectors performance.
In the USA many state universities are using the PPP model to deliver infrastructure on the campus. It enables colleges to provide student housing, utility systems, academic halls, student centers, and many other educational infrastructures efficiently and in an expeditious manner. Until now the state of Missouri was lacking the law to issue statutory permission to provide PPPs in universities and PPPs in universities had uncertain legal status. But this legislation will now provide a green light to university and private-sector financiers, developers, and operators to pursue PPP arrangements from fiscal and operational standpoints.
The new law will be effective from August 28, 2019.
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