Following the success of its California Infrastructure Summit last December - the first in the series of State and Local Government Infrastructure Summits being organized by City & Financial in collaboration with McKenna Long & Aldridge LLP - we are pleased to announce the second event in the series - The New York State Infrastructure Summit - which will be held in New York on May 12th-13th 2009.
The conference is being held shortly after the publication of the final recommendations from The New York State Commission on State Asset Maximization, which has been studying the potential of Public Private Partnerships (PPPs) in the State. The final report, released in April, is expected to set the ball rolling for major developments in the area of PPPs across the State and this two day Summit will therefore provide an early opportunity to assess the full implications of the Commission's proposals.
The broader policy background is now very favorable towards the adoption of PPP models. The new Federal Transportation Secretary, Ray LaHood, has made it clear that he believes that both federal and state governments should consider giving the private sector a bigger role in rebuilding the nation's ageing roads, bridges and other infrastructure. Coming on top of the substantial proportion of President Obama's stimulus package devoted to infrastructure spending, and the opportunity to magnify its impact by leveraging in additional private sector funding alongside federal funds, it is clear that PPPs will be fundamental to infrastructure development across the U.S.
This Summit will examine the infrastructure requirements of New York, as well as analysing the potential of specific projects in the State. Other topics that will be covered include: the possible establishment of a national best practices center, developments in infrastructure financing in the current environment, congestion initiatives and how New York can learn from the PPP experience elsewhere in the U.S. as it develops a viable model for its own needs.
City & Financial in collaboration with McKenna Long & Aldridge LLP have brought together a speaker line up of exceptional quality to debate the above issues, including keynote speakers Astrid C. Glynn, Commissioner for the New York State Department of Transport, and Joseph F. Marie, Commissioner for the Connecticut Department of Transport. Please see below for other expert speakers who have already agreed to speak at the Summit.
Attendance at this event will be essential for representatives from state and municipal transportation departments, contractors, sub-contractors, facilities managers, debt bankers, equity investors, and technical and other professional advisers.
We look forward to welcoming you to the Summit on May 12th.
Maurice Button, Chief Executive, City & Financial
Frank Rapoport, Partner, McKenna Long & Aldridge LLP and Organizing Chairman