• A P3 is a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies.
• P3s utilize the efficiencies and innovation of the private sector to carry out or improve functions of government.
• The P3 model has been utilized in Europe for decades and the industry is starting to take root in the United States.
• P3s can be applied to many different areas such as mass transit, road maintenance, building and park management and even prisons.
• Prison privatization has been successful in Florida. A recent study conducted by Vanderbilt University shows states can save up to $15 million a year through public-private partnerships in prisons alone.

Rep. Stevenson Comments on Hearing to Investigate Public Private Partnerships as Way to Fund Infrastructure Improvements (audio clip)