PPPs have benefits in their potential to achieve reduced lifecycle costs and better maintenance standards for physical assets. In considering opportunities for effective PPPs, New York's leaders should seek to capitalize on these benefits to address weaknesses in public sector infrastructure management. The State and City should launch a few carefully selected pilot projects, which give high priority to assets that are currently in poor condition and have a history of poor maintenance. The efforts should be treated as experiments with the results carefully monitored and evaluated. Only if the potential benefits are realized should the efforts be expanded to a broader scale.
Based on the guidelines established in the previous section, the CBC suggests exploring PPPs in five areas: highway bridges, school buildings and parks in New York City, higher educational facilities, and subway stations. They are discussed below.