O'Malley to sign public-private partnership bill tomorrow

April 08, 2013|By Erin Cox | The Baltimore Sun

Lt. Gov. Anthony Brown said a bill that would allow private companies to help build public works projects will get the governor's signature tomorrow.

Lawmakers approved the bill laying out rules for public-private partnerships on Monday afternoon, the last day of General Assembly session.

In an interview, Brown said the legislation two years in the making could allow a private company to finance the propose Purple Line, the Red Line or create a second crossing of the Nice Bridge connecting Charles County to Virginia.

"We're going to get back to the business of investing in Maryland," Brown said.

The proposal to allow private companies to bid on public projects failed last year. Brown, who led the administration's efforts to pass the bill, said the passed version gives more incentives for businesses to participate. 

Between 6 and 10 percent of the capital budget, roughly $315 million a year, could be paid for private dollars when the program is in place.

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