Ferrovial exec to head Texas’ new P3 centre

Samuel Franco has been appointed director of the newly established Centre for Alternative Finance and Procurement.

The Texas Facilities Commission (TFC), the real estate representative for the State of Texas in the purchase of buildings, grounds and property, has named Samuel Franco as director of the newly created Centre for Alternative Finance and Procurement.

Franco’s appointment comes the same day the Commission announced the opening of the Centre, whose mission includes establishing best practices for procurement and the financing of qualifying public-private partnership (PPP; P3) projects.

Having served as assistant project manager at Ferrovial-Argoman's US subsidiary, Franco has extensive experience in managing construction projects and procuring large-scale infrastructure contracts.

In his new role as director, he will be responsible for consulting with stakeholders in both the public and private sectors.

The Centre is the result of House Bill 2475, which came into effect last September and complements a 2011 state law that allows the use of P3s to deliver vertical building, rail, water, and port construction and infrastructure improvements.

“The Centre will ensure value for taxpayer dollars by establishing best practices and providing assistance in all aspects of planning, procurement, financing as well as negotiations of contracts and ultimately construction of the projects,” the TFC said in a statement.

Headquartered in Austin, the Commission has a portfolio of leased and owned facilities that encompasses more than 28.5 million square feet of office, warehouse and parking facilities in 288 cities throughout Texas.

In addition to managing these facilities, TFC also has a facilities design and construction division responsible for project management oversight, minor construction, building infrastructure maintenance and repairs, and energy management.