Connecticut bill a PPP boon

A bill signed into law will grant the state more leeway in pulling in private capital to fund its infrastructure activity. Still, public-private partnerships are subject to agency approval.

Connecticut now has more latitude in public-private partnership (PPP) legislation as part of a wider job-creation bill signed into law last Wednesday.

The bill curbed what would be considered an average PPP, authorising local government to enter into a PPP to design, build, finance, and maintain a public project.

The newly-minted law also stipulated a proposed PPP is subject to widespread government agency approval.

Connecticut governor Daniel Malloy has championed private capital investment. But Malloy has encountered resistance from organised labour, which has opposed government interference in construction activity.

Past dialogue about infrastructure in Connecticut has focused on bridge repair as well as brownfield project work.

The legislation was dubbed “House Bill 6810 (HB 6810) – An Act Promoting Economic Growth and Job Creation” and had bipartisan support in the Nutmeg State. The bill’s total cost will top $626 million.

Within the infrastructure space, the bill was lauded. 

“It is part of a slow but growing positive trend,” remarked Joel Moser, partner with law firm Bingham McCutchen. Moser explained bipartisan support enabled the bill, adding: “We need more of this.”