Public-public partnerships: A twist on the traditional publicprivate partnership that works for your airport
Kathleen M. Sharman
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Kathleen M. Sharman: Greater Orlando Aviation Authority, USA
Journal of Airport Management, 2024, vol. 18, issue 4, 397-409
Abstract:
As airport operators, the provision of chilled water and back-up power generation is a necessary element of our utility infrastructure. This paper outlines the benefits and pitfalls related to outsourcing this increasingly critical infrastructure to the local power company and describes the case of Orlando International Airport (MCO), which formed a public-public partnership with Orlando Utilities Commission (OUC). Over the course of a multiyear negotiation, we engaged OUC to take on operating the chilled water plant and the back-up generation facility for the airport’s new Terminal C. Throughout the negotiation, we addressed many challenges. The aim of this paper is to familiarise the airport operator with the transaction and some of the key issues we faced and resolved at MCO.
Keywords: utility infrastructure; revenue use policy; public-public partnership; non-traditional financing; risk transfer; chilled water; back-up generation (search for similar items in EconPapers)
JEL-codes: M1 M10 R4 R40 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jam000:y:2024:v:18:i:4:p:397-409
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