The Californian Department of Finance estimates that the state will need $500 billion of investment in its deteriorating infrastructure over the next two decades if it is to cope with its rapidly growing population, which is set to double by 2050. This investment is required in a number of sectors, including roads, rail, schools, hospitals, housing, levees, court houses and other public buildings. However, federal money available for infrastructure investment has been cut in half as a percentage of gross domestic product since 1987, while the demand for infrastructure investment across the U.S. as a whole has ballooned to $1.6 trillion.
Current economic circumstances suggest that federal funding is unlikely to increase in the near term. Governor Schwarzenegger has therefore drawn on the experience of other governments around the world in developing successful public private partnership programs in order to develop a form of PPP, Performance Based Infrastructure, which he is keen to use to achieve accelerated delivery of much needed infrastructure on a value for money basis.
This conference, which will provide a platform on which senior officials from the various arms of state and local government in California can present to, and discuss their infrastructure projects with, private sector developers and funders, is therefore very timely. Governor Schwarzenegger is looking to clear his schedule so that he can provide the keynote address on the first day of the California Summit in order to share his PBI/PPP vision with key decision makers and stakeholders.
The objectives of the conference are to identify the complexities of PBI initiatives and how to move them through complex legislative processes; to address the nuances of public-private partnerships best suited for the US; to review how projects can be developed at the municipal level; and to consider project implementation of specific regional transportation projects.
The summit will be the first in a series of regional State and Local Government Infrastructure Summits that City & Financial will organize in collaboration with McKenna Long & Aldridge LLP across the U.S. over the next eighteen months.
We look forward to welcoming you to the Summit on December 2nd.
Maurice Button, Chief Executive, City & Financial
Frank Rapoport, Partner, McKenna Long & Aldridge LLP and Organizing Chairman
Sotiris A. Pagdadis, Partner, McKenna Long & Aldridge LLP and Co-chairman
£896
$1650
€1131 
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