Public-private projects could boost economy, add jobs

Public-private projects could boost economy, add jobs

Public projects financed by private companies are nothing new in Florida, but a law signed by Gov. Rick Scott in late June expands the realm of possibilities for business and government.

A ramp-up of public-private partnerships — nicknamed P3s — is expected to boost the economy and generate construction jobs.

P3s can save taxpayers money and inconvenience on complex projects such as the I-595 expansion in Broward County, which is expected to cost less and be finished more quickly under private financing.