Expert: Public-private partnerships are key in infrastructure upgrades

03/13/2012 | PropertyCasualty360

The public and private sectors can develop partnerships to enable government agencies to finance repairs of infrastructure that will cost $2.2 trillion based on estimates by the American Society of Civil Engineers, said Geoff Heekin of Aon Risk Solutions. The partnership would allow the transfer of asset-performance and other risks to private firms while the public sector deals with such risks as taxation and terrorism, said Heekin, who added that the objective is "to align each risk element with the party best able to manage the risk."

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