today we’re going to talk about public-private partnerships and how they
public-private partnerships and how they
public-private partnerships and how they are an effective solution to complex
are an effective solution to complex
are an effective solution to complex public policy problems problems we have
public policy problems problems we have
public policy problems problems we have today and that are definitely going to
today and that are definitely going to
today and that are definitely going to be with us in the future
be with us in the future
be with us in the future large problems headaches problems
large problems headaches problems
large problems headaches problems johns-hopkins problems and then we’re
johns-hopkins problems and then we’re
johns-hopkins problems and then we’re going to start by looking at these hands
these hands represent the billion people
these hands represent the billion people looking for water every day that’s safe
looking for water every day that’s safe
looking for water every day that’s safe and adequate and supply the two and a
and adequate and supply the two and a
and adequate and supply the two and a half billion people looking for
half billion people looking for
half billion people looking for sanitation because they lack it and now
sanitation because they lack it and now
sanitation because they lack it and now 900 million people who are elderly
900 million people who are elderly
900 million people who are elderly defined as merely 60 years of age this
defined as merely 60 years of age this
defined as merely 60 years of age this 900 million people are going to grow by
900 million people are going to grow by
900 million people are going to grow by 56% between now and 2030 the 1.4 billion
56% between now and 2030 the 1.4 billion
56% between now and 2030 the 1.4 billion and many of them are going to contract
and many of them are going to contract
and many of them are going to contract non communicable diseases if they
non communicable diseases if they
non communicable diseases if they haven’t already
haven’t already
haven’t already diabetes heart disease cancers how are
diabetes heart disease cancers how are
diabetes heart disease cancers how are we going to be prepared for the
we going to be prepared for the
we going to be prepared for the public-private partnerships are
public-private partnerships are
public-private partnerships are collaborative structures designed for a
collaborative structures designed for a
collaborative structures designed for a specific purpose or project where
specific purpose or project where
specific purpose or project where there’s a sharing of risks resources and
there’s a sharing of risks resources and
there’s a sharing of risks resources and decisions this is different than other
decisions this is different than other
decisions this is different than other other structures because they involve
other structures because they involve
other structures because they involve governance it’s the sharing of decisions
governance it’s the sharing of decisions
governance it’s the sharing of decisions that matters and when we look at these
that matters and when we look at these
that matters and when we look at these two rocks formations and we see the
two rocks formations and we see the
two rocks formations and we see the climbers we think of a partnership think
climbers we think of a partnership think
climbers we think of a partnership think about their equipment as a resource
about their equipment as a resource
about their equipment as a resource there’s specific skills to get up there
there’s specific skills to get up there
there’s specific skills to get up there and how dependent they are on their
and how dependent they are on their
and how dependent they are on their decisions and the decisions of the other
decisions and the decisions of the other
decisions and the decisions of the other person but when we’re looking at this as
person but when we’re looking at this as
person but when we’re looking at this as a partnership we want to think about
a partnership we want to think about
a partnership we want to think about what’s my reference point to be a
what’s my reference point to be a
what’s my reference point to be a partner is it has been my parents are
partner is it has been my parents are
partner is it has been my parents are they partners and I identify with that
they partners and I identify with that
they partners and I identify with that type of partnership is it where I work
type of partnership is it where I work
type of partnership is it where I work perhaps I’m in a partnership a
perhaps I’m in a partnership a
perhaps I’m in a partnership a partnership that’s an institution or has
partnership that’s an institution or has
partnership that’s an institution or has become one and public-private
become one and public-private
become one and public-private partnerships essentially our
partnerships essentially our
partnerships essentially our institutional activities where people
institutional activities where people
institutional activities where people make a tremendous individual difference
make a tremendous individual difference
make a tremendous individual difference but they have to ask themselves who are
but they have to ask themselves who are
but they have to ask themselves who are my other partners so do we think of
my other partners so do we think of
my other partners so do we think of government whether it be the national
government whether it be the national
government whether it be the national government the state government or
government the state government or
government the state government or municipal government our governments our
municipal government our governments our
municipal government our governments our partners in particular when I have a
partners in particular when I have a
partners in particular when I have a complex problem but we also live in
complex problem but we also live in
complex problem but we also live in communities and these communities
communities and these communities
communities and these communities interact with the private sector and as
interact with the private sector and as
interact with the private sector and as members of the community we are asking
members of the community we are asking
members of the community we are asking ourselves all the time what is the
ourselves all the time what is the
ourselves all the time what is the private sector doing with me that helps
private sector doing with me that helps
private sector doing with me that helps me with the kinds of problems on concern
me with the kinds of problems on concern
me with the kinds of problems on concern about and the private sector is saying
about and the private sector is saying
about and the private sector is saying why can’t we get any energy from this
why can’t we get any energy from this
why can’t we get any energy from this community or municipal government to
community or municipal government to
community or municipal government to solve some problems around here where is
solve some problems around here where is
solve some problems around here where is the facilitation for the partnership and
the facilitation for the partnership and
the facilitation for the partnership and one of the reasons that facilitating
one of the reasons that facilitating
one of the reasons that facilitating partnerships is so difficult is that our
partnerships is so difficult is that our
partnerships is so difficult is that our skill set is often trapped by bias we
skill set is often trapped by bias we
skill set is often trapped by bias we know that to partner with another party
know that to partner with another party
know that to partner with another party means working with someone we don’t like
means working with someone we don’t like
means working with someone we don’t like we don’t agree with but who we need for
we don’t agree with but who we need for
we don’t agree with but who we need for approvals or we need for resources how
approvals or we need for resources how
approvals or we need for resources how often in the nonprofit world do we look
often in the nonprofit world do we look
often in the nonprofit world do we look at a donor and say oh you’re fantastic
at a donor and say oh you’re fantastic
at a donor and say oh you’re fantastic and we’re thinking just give me the
and we’re thinking just give me the
and we’re thinking just give me the money so I can do my job so unless a
money so I can do my job so unless a
money so I can do my job so unless a public-private partnership has respect
public-private partnership has respect
public-private partnership has respect trust and credibility
trust and credibility
trust and credibility it will never be sustainable the
it will never be sustainable the
it will never be sustainable the partners are not going to be able to get
partners are not going to be able to get
partners are not going to be able to get together and stay together because the
together and stay together because the
together and stay together because the government doesn’t trust the private
government doesn’t trust the private
government doesn’t trust the private sector because of profit motives or
sector because of profit motives or
sector because of profit motives or maybe communities don’t want government
maybe communities don’t want government
maybe communities don’t want government to rezone around them in the name of
to rezone around them in the name of
to rezone around them in the name of economic development whatever the issue
economic development whatever the issue
economic development whatever the issue is
is
is ppp’s require this to start but this is
ppp’s require this to start but this is
ppp’s require this to start but this is a lot to ask for so as a practical
a lot to ask for so as a practical
a lot to ask for so as a practical matter I’m suggesting we look at skills
matter I’m suggesting we look at skills
matter I’m suggesting we look at skills vance skills that are necessary for
vance skills that are necessary for
vance skills that are necessary for public-private partnerships one that’s
public-private partnerships one that’s
public-private partnerships one that’s very relevant to the TEDx talk today is
very relevant to the TEDx talk today is
very relevant to the TEDx talk today is negotiation because we’re asked to think
negotiation because we’re asked to think
negotiation because we’re asked to think about how to negotiate our way through
about how to negotiate our way through
about how to negotiate our way through other through different dimensions to
other through different dimensions to
other through different dimensions to deal with obstacles and in particular if
deal with obstacles and in particular if
deal with obstacles and in particular if we’re interested in innovation we have
we’re interested in innovation we have
we’re interested in innovation we have obstacles and innovation is not exactly
obstacles and innovation is not exactly
obstacles and innovation is not exactly the same as creativity it’s a process to
the same as creativity it’s a process to
the same as creativity it’s a process to manage to seek opportunity to remove
manage to seek opportunity to remove
manage to seek opportunity to remove barriers often through negotiation but
barriers often through negotiation but
barriers often through negotiation but we want to have our strategic thinking
we want to have our strategic thinking
we want to have our strategic thinking set up before we take these actions what
set up before we take these actions what
set up before we take these actions what do we actually need to get it done and
do we actually need to get it done and
do we actually need to get it done and who can do this with us the who involves
who can do this with us the who involves
who can do this with us the who involves political management because often we’re
political management because often we’re
political management because often we’re dealing across cultures across countries
dealing across cultures across countries
dealing across cultures across countries across the culture of institutions and
across the culture of institutions and
across the culture of institutions and political management skills are vital
political management skills are vital
political management skills are vital and public/private partnerships and they
and public/private partnerships and they
and public/private partnerships and they can’t be left just to the politicians we
can’t be left just to the politicians we
can’t be left just to the politicians we are very focused today on how to do
are very focused today on how to do
are very focused today on how to do things financially will it work
things financially will it work
things financially will it work will it be economical what’s the
will it be economical what’s the
will it be economical what’s the financial structure in fact many of my
financial structure in fact many of my
financial structure in fact many of my students that’s really what they want to
students that’s really what they want to
students that’s really what they want to know just give me the model but where
know just give me the model but where
know just give me the model but where we’re going to learn in the cases I’m
we’re going to learn in the cases I’m
we’re going to learn in the cases I’m going to cover today is the model
going to cover today is the model
going to cover today is the model without the right assumptions is of no
without the right assumptions is of no
without the right assumptions is of no value so we’re very focused on the
value so we’re very focused on the
value so we’re very focused on the thinking that goes into assumptions and
thinking that goes into assumptions and
thinking that goes into assumptions and then how to communicate the real risks
then how to communicate the real risks
then how to communicate the real risks and probable outcomes and to do it as
and probable outcomes and to do it as
and probable outcomes and to do it as transparently as possible so these
transparently as possible so these
transparently as possible so these skills can’t be allocated to six
skills can’t be allocated to six
skills can’t be allocated to six different people you have to be the
different people you have to be the
different people you have to be the master of several of them and your team
master of several of them and your team
master of several of them and your team has to be the master of all of them now
has to be the master of all of them now
has to be the master of all of them now to make this work we want to go through
to make this work we want to go through
to make this work we want to go through cases because this is the way you teach
cases because this is the way you teach
cases because this is the way you teach public private partnerships and when we
public private partnerships and when we
public private partnerships and when we look at this picture we know that this
look at this picture we know that this
look at this picture we know that this park is magnificent clearly one of the
park is magnificent clearly one of the
park is magnificent clearly one of the best in the world it ought to be because
best in the world it ought to be because
best in the world it ought to be because of the 58 million visitors who come to
of the 58 million visitors who come to
of the 58 million visitors who come to New York City every year 44 million make
New York City every year 44 million make
New York City every year 44 million make their way to Central Park
their way to Central Park
their way to Central Park in this park as great as it looks today
in this park as great as it looks today
in this park as great as it looks today took a number of decades through the
took a number of decades through the
took a number of decades through the Central Park Conservancy z– resources
Central Park Conservancy z– resources
Central Park Conservancy z– resources risk management and decision making to
risk management and decision making to
risk management and decision making to make this Conservancy work as a PPP it’s
make this Conservancy work as a PPP it’s
make this Conservancy work as a PPP it’s not the only part PPP in New York and
not the only part PPP in New York and
not the only part PPP in New York and each one like the rock formations is
each one like the rock formations is
each one like the rock formations is different but it’s been very effective
different but it’s been very effective
different but it’s been very effective because of the 44 million people there
because of the 44 million people there
because of the 44 million people there going into that part because it’s free
going into that part because it’s free
going into that part because it’s free yes open access yes
yes open access yes
yes open access yes safe yes but they may not be aware that
safe yes but they may not be aware that
safe yes but they may not be aware that it wasn’t always that way
it wasn’t always that way
it wasn’t always that way the park was unsafe it was very badly
the park was unsafe it was very badly
the park was unsafe it was very badly maintained it was dusty and abandoned
maintained it was dusty and abandoned
maintained it was dusty and abandoned and it took communities and the private
and it took communities and the private
and it took communities and the private sector to make that change and if we
sector to make that change and if we
sector to make that change and if we look at this we have to ask what type of
look at this we have to ask what type of
look at this we have to ask what type of Public Liability can a public-private
Public Liability can a public-private
Public Liability can a public-private partnership convert to a public asset so
partnership convert to a public asset so
partnership convert to a public asset so if we look at this abandoned elevated
if we look at this abandoned elevated
if we look at this abandoned elevated freight railroad track on the west side
freight railroad track on the west side
freight railroad track on the west side of Manhattan
of Manhattan
of Manhattan that’s the Hudson River it’s not doing
that’s the Hudson River it’s not doing
that’s the Hudson River it’s not doing anything and it hasn’t for decades it’s
anything and it hasn’t for decades it’s
anything and it hasn’t for decades it’s been abandoned because freight trains no
been abandoned because freight trains no
been abandoned because freight trains no longer go to these enormous buildings on
longer go to these enormous buildings on
longer go to these enormous buildings on the west side of Manhattan where goods
the west side of Manhattan where goods
the west side of Manhattan where goods would be dropped off manufactured goods
would be dropped off manufactured goods
would be dropped off manufactured goods loaded on because New York was a
loaded on because New York was a
loaded on because New York was a manufacturing center it’s hard to
manufacturing center it’s hard to
manufacturing center it’s hard to believe but through imagination and a
believe but through imagination and a
believe but through imagination and a change of process in the use of a PPP we
change of process in the use of a PPP we
change of process in the use of a PPP we have the High Line the High Line is a
have the High Line the High Line is a
have the High Line the High Line is a 240 million dollar 7 acre project it’s
240 million dollar 7 acre project it’s
240 million dollar 7 acre project it’s attracted 80 million in private sector
attracted 80 million in private sector
attracted 80 million in private sector money 7 million visitors a year has had
money 7 million visitors a year has had
money 7 million visitors a year has had an effect on the economic development of
an effect on the economic development of
an effect on the economic development of the Chelsea area and the Westside a
the Chelsea area and the Westside a
the Chelsea area and the Westside a different image with no economic
different image with no economic
different image with no economic development apparently is this road the
development apparently is this road the
development apparently is this road the Indiana toll road this is 150 mile ride
Indiana toll road this is 150 mile ride
Indiana toll road this is 150 mile ride a road a public-private partnership
a road a public-private partnership
a road a public-private partnership started by the governor of Indiana in
started by the governor of Indiana in
started by the governor of Indiana in 2006
2006
2006 it doesn’t look heavily traveled this is
it doesn’t look heavily traveled this is
it doesn’t look heavily traveled this is not the New Jersey Turnpike this is a
not the New Jersey Turnpike this is a
not the New Jersey Turnpike this is a major thoroughfare though why it’s
major thoroughfare though why it’s
major thoroughfare though why it’s important
important
important is that the revenue from tolls pays for
is that the revenue from tolls pays for
is that the revenue from tolls pays for the economics of the partnership the 3.8
the economics of the partnership the 3.8
the economics of the partnership the 3.8 billion dollars that investors put up
billion dollars that investors put up
billion dollars that investors put up but not enough because by 2014 this
but not enough because by 2014 this
but not enough because by 2014 this public-private partnership went bankrupt
public-private partnership went bankrupt
public-private partnership went bankrupt the assumptions used to estimate traffic
the assumptions used to estimate traffic
the assumptions used to estimate traffic were wrong
were wrong
were wrong the governor was smart he used the money
the governor was smart he used the money
the governor was smart he used the money to pay down debt but also improve other
to pay down debt but also improve other
to pay down debt but also improve other roads trucks went on other roads
roads trucks went on other roads
roads trucks went on other roads diverted in order to lower their fares
diverted in order to lower their fares
diverted in order to lower their fares and improve their profits something very
and improve their profits something very
and improve their profits something very fast and very modern is a 17 billion
fast and very modern is a 17 billion
fast and very modern is a 17 billion dollar Taiwan high-speed rail an
dollar Taiwan high-speed rail an
dollar Taiwan high-speed rail an engineering marvel built through
engineering marvel built through
engineering marvel built through mountains Rock built to resist typhoons
mountains Rock built to resist typhoons
mountains Rock built to resist typhoons came in on budget on time and operates
came in on budget on time and operates
came in on budget on time and operates on time 99% of the time except the
on time 99% of the time except the
on time 99% of the time except the assumptions were too optimistic half the
assumptions were too optimistic half the
assumptions were too optimistic half the riders who expected in the first two
riders who expected in the first two
riders who expected in the first two years didn’t show up and the 17 billion
years didn’t show up and the 17 billion
years didn’t show up and the 17 billion needed to be financed by banks and their
needed to be financed by banks and their
needed to be financed by banks and their ability to be repaid was slower and more
ability to be repaid was slower and more
ability to be repaid was slower and more partial than anybody wanted but there
partial than anybody wanted but there
partial than anybody wanted but there was a negotiation here where the
was a negotiation here where the
was a negotiation here where the government accepted the demand of the
government accepted the demand of the
government accepted the demand of the banks to guarantee the loans good thing
banks to guarantee the loans good thing
banks to guarantee the loans good thing how does this happen these are smart
how does this happen these are smart
how does this happen these are smart people it happened because of
people it happened because of
people it happened because of compromises the stations were built
compromises the stations were built
compromises the stations were built where it was less expensive but not as
where it was less expensive but not as
where it was less expensive but not as me not as many people were there they
me not as many people were there they
me not as many people were there they didn’t raise the tolls on the highways
didn’t raise the tolls on the highways
didn’t raise the tolls on the highways to move people from their car seats to
to move people from their car seats to
to move people from their car seats to the train seats and it failed
the train seats and it failed
the train seats and it failed financially but it went on operationally
financially but it went on operationally
financially but it went on operationally because it was so well done so if we ask
because it was so well done so if we ask
because it was so well done so if we ask ourselves public-private partnerships
ourselves public-private partnerships
ourselves public-private partnerships this is pretty good stuff look at the
this is pretty good stuff look at the
this is pretty good stuff look at the variety of problems from parks to roads
variety of problems from parks to roads
variety of problems from parks to roads to transportation and certainly electric
to transportation and certainly electric
to transportation and certainly electric power and telecom this is great stuff
power and telecom this is great stuff
power and telecom this is great stuff but how many people were we impact tens
but how many people were we impact tens
but how many people were we impact tens of millions of people but at the
of millions of people but at the
of millions of people but at the beginning of the talk I talked about
beginning of the talk I talked about
beginning of the talk I talked about billions of people so we have to rethink
billions of people so we have to rethink
billions of people so we have to rethink the benefits of how to apply
the benefits of how to apply
the benefits of how to apply public-private partnerships in
public-private partnerships in
public-private partnerships in particular to healthcare and people who
particular to healthcare and people who
particular to healthcare and people who have health and other needs house
have health and other needs house
have health and other needs house going to work for them so we go back to
going to work for them so we go back to
going to work for them so we go back to a set of hands in rural China and this
a set of hands in rural China and this
a set of hands in rural China and this woman is one of 250 million elderly and
woman is one of 250 million elderly and
woman is one of 250 million elderly and that number is on track to be four
that number is on track to be four
that number is on track to be four hundred and fifty men just by 2030 the
hundred and fifty men just by 2030 the
hundred and fifty men just by 2030 the elderly are an asset in China very port
elderly are an asset in China very port
elderly are an asset in China very port and part of families and they they
and part of families and they they
and part of families and they they require treatment in terms of their
require treatment in terms of their
require treatment in terms of their future how is it going to work they need
future how is it going to work they need
future how is it going to work they need operational capacity built for them
operational capacity built for them
operational capacity built for them innovation that can be applied to them
innovation that can be applied to them
innovation that can be applied to them and financial resources when we think
and financial resources when we think
and financial resources when we think about assembling a public-private
about assembling a public-private
about assembling a public-private partnership for the elderly just in one
partnership for the elderly just in one
partnership for the elderly just in one country and there are large elderly
country and there are large elderly
country and there are large elderly populations building in many developed
populations building in many developed
populations building in many developed countries and certainly in emerging
countries and certainly in emerging
countries and certainly in emerging markets we have to think of a whole new
markets we have to think of a whole new
markets we have to think of a whole new army practically of human resources to
army practically of human resources to
army practically of human resources to care for people and to do it under
care for people and to do it under
care for people and to do it under government licensing and registration
government licensing and registration
government licensing and registration and regulations that make sense and to
and regulations that make sense and to
and regulations that make sense and to have assisted living facilities that are
have assisted living facilities that are
have assisted living facilities that are appropriate and affordable and
appropriate and affordable and
appropriate and affordable and sensitivity to the cultural implications
sensitivity to the cultural implications
sensitivity to the cultural implications of the elderly in this particular
of the elderly in this particular
of the elderly in this particular country and social policies to support
country and social policies to support
country and social policies to support it and last we need technology because
it and last we need technology because
it and last we need technology because I’m not talking about face time where
I’m not talking about face time where
I’m not talking about face time where the grandparent is talking to the
the grandparent is talking to the
the grandparent is talking to the granddaughter we’re talking about how to
granddaughter we’re talking about how to
granddaughter we’re talking about how to connect people in terms of diagnosis to
connect people in terms of diagnosis to
connect people in terms of diagnosis to allow prevention to be more prevalent
allow prevention to be more prevalent
allow prevention to be more prevalent and impacting human behaviors
and impacting human behaviors
and impacting human behaviors interaction with the elderly care
interaction with the elderly care
interaction with the elderly care complex to do that the thought process
complex to do that the thought process
complex to do that the thought process for public-private partnerships is going
for public-private partnerships is going
for public-private partnerships is going to be changing to reach the scale we
to be changing to reach the scale we
to be changing to reach the scale we need for these large problems we need to
need for these large problems we need to
need for these large problems we need to think about a different construct so
think about a different construct so
think about a different construct so we’re going to take all the things are
we’re going to take all the things are
we’re going to take all the things are six skills that I mentioned earlier a
six skills that I mentioned earlier a
six skills that I mentioned earlier a multi asset approach such as in the
multi asset approach such as in the
multi asset approach such as in the Taiwan high-speed rail and we need to
Taiwan high-speed rail and we need to
Taiwan high-speed rail and we need to look at behavioral change Central Park
look at behavioral change Central Park
look at behavioral change Central Park works because people now respect it and
works because people now respect it and
works because people now respect it and take care of it all public assets do
take care of it all public assets do
take care of it all public assets do better when people are contributing to
better when people are contributing to
better when people are contributing to their maintenance in some form
their maintenance in some form
their maintenance in some form and when we have institutional
and when we have institutional
and when we have institutional leadership institutional leadership that
leadership institutional leadership that
leadership institutional leadership that is more steady-state where we feel that
is more steady-state where we feel that
is more steady-state where we feel that we’re not just going to run from one
we’re not just going to run from one
we’re not just going to run from one political cycle to the next but more
political cycle to the next but more
political cycle to the next but more along the course of the life of the
along the course of the life of the
along the course of the life of the asset or our needs how to think this
asset or our needs how to think this
asset or our needs how to think this through
through
through we need technology to help us think this
we need technology to help us think this
we need technology to help us think this through
through
through cognitive intelligence is on the horizon
cognitive intelligence is on the horizon
cognitive intelligence is on the horizon now and applying it to healthcare and
now and applying it to healthcare and
now and applying it to healthcare and particularly when we’re combining
particularly when we’re combining
particularly when we’re combining prevention and treatment as opposed to
prevention and treatment as opposed to
prevention and treatment as opposed to treatment alone and applying to people
treatment alone and applying to people
treatment alone and applying to people whose awareness levels are low and how
whose awareness levels are low and how
whose awareness levels are low and how to obtain information faster but we’re
to obtain information faster but we’re
to obtain information faster but we’re dealing with billions of decisions about
dealing with billions of decisions about
dealing with billions of decisions about billions of people and it’s not going to
billions of people and it’s not going to
billions of people and it’s not going to take a lot of smart people to do that
take a lot of smart people to do that
take a lot of smart people to do that it’s going to be technology plus smart
it’s going to be technology plus smart
it’s going to be technology plus smart people plus government and the different
people plus government and the different
people plus government and the different sectors working together so to do that
sectors working together so to do that
sectors working together so to do that we want to understand the important
we want to understand the important
we want to understand the important lessons that we’re trying to learn
lessons that we’re trying to learn
lessons that we’re trying to learn through this talk one we have three
through this talk one we have three
through this talk one we have three elements in public-private partnerships
elements in public-private partnerships
elements in public-private partnerships that really count our communities that’s
that really count our communities that’s
that really count our communities that’s where we are our communities where
where we are our communities where
where we are our communities where public value needs to be enhanced where
public value needs to be enhanced where
public value needs to be enhanced where there has to be protection of public
there has to be protection of public
there has to be protection of public assets and where there has to be
assets and where there has to be
assets and where there has to be long-term decisions that match our needs
long-term decisions that match our needs
long-term decisions that match our needs over time particularly as we get older
over time particularly as we get older
over time particularly as we get older or we have young people who need to be
or we have young people who need to be
or we have young people who need to be educated we need to have a government
educated we need to have a government
educated we need to have a government that is our fiduciary steady-state
that is our fiduciary steady-state
that is our fiduciary steady-state fiduciary and a regulator not too hot
fiduciary and a regulator not too hot
fiduciary and a regulator not too hot not too cold again a predictable
not too cold again a predictable
not too cold again a predictable regulator and very important is that
regulator and very important is that
regulator and very important is that government be a facilitator because
government be a facilitator because
government be a facilitator because government can facilitate interaction
government can facilitate interaction
government can facilitate interaction between communities in the private
between communities in the private
between communities in the private sector when it wants to the private
sector when it wants to the private
sector when it wants to the private sector we know from the case studies
sector we know from the case studies
sector we know from the case studies will show up for financing if the
will show up for financing if the
will show up for financing if the project looks reasonable they have the
project looks reasonable they have the
project looks reasonable they have the money they want to participate they will
money they want to participate they will
money they want to participate they will be efficient in these large projects
be efficient in these large projects
be efficient in these large projects that we can be confident and can they be
that we can be confident and can they be
that we can be confident and can they be innovative far more innovative I’m
innovative far more innovative I’m
innovative far more innovative I’m afraid than most governments but by
afraid than most governments but by
afraid than most governments but by having the government’s work more
having the government’s work more
having the government’s work more closely with communities in the private
closely with communities in the private
closely with communities in the private sector
sector
sector innovation can be achieved through
innovation can be achieved through
innovation can be achieved through public-private partnership so this is
public-private partnership so this is
public-private partnership so this is the idea and this is what we can all
the idea and this is what we can all
the idea and this is what we can all work on together in the future thank you
work on together in the future thank you
work on together in the future thank you [Applause]
”
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