'Despite Economic Pressures,

USA & Emerging Markets Offer Huge Opportunities

for Public Private Partnership Construction Projects' 

Jardine Lloyd Thompson Limited (JLT) has today published a white paper, 'Public Private Partnerships (P3) in the United States - 'The Dawn of a New Age' following an industry conference held by JLT, Allied North America and Peckar & Abramson earlier this year.

Paul Knowles, Managing Director, Construction, JLT, says "There was universal agreement that an enormous P3 opportunity is presenting itself across the globe, particularly in the USA, Central and Eastern Europe, Latin America, Asia and the Middle East. Increasingly governments are turning towards commercial companies for the design, build, operation and maintenance of major infrastructure projects such as roads, bridges, tunnels, hospitals, schools and other social and civil infrastructure.

"In particular, the sheer scale of the USA means there is a huge opportunity. Here, gaps in public funding together with the urgent need for infrastructure renewal has led to substantial interest in P3 as a means of providing the necessary investment. This interest is likely to increase should projects like the I-595 Florida Highway be a resounding success".

The paper does however warn that whilst the USA is probably in a similar position to the UK market 14 years ago, there are a number of unique legal and political factors in the USA that need to be considered. For instance, individual States have different judicial and regulatory systems and the onerous surety requirements make it a potentially challenging environment for companies entering the market to work on P3 projects. At the same time these projects need the insurance expertise that the London market can provide.

Paul Knowles concludes, "The intensity of growth and the usage of the infrastructure in the USA means there will be lots of opportunities. Whilst this is exciting it's important to remember the need for local legal and insurance expertise combined with an experienced construction broker in the London market".

--ENDS--

Enquiries:

Isabella Young
Jardine Lloyd Thompson Limited
Tel: 020 7558 3387

EMAIL

Editor's Notes:

To register and receive a copy of the JLT White Paper - 'Public Private Partnerships (P3) in the United States - 'The dawn of a New Age' go to - www.jltgroup.com/us-p3/

About Jardine Lloyd Thompson Limited
JLT is a specialist London market insurance broker and risk consultant providing market leading industry knowledge and expertise in specialist fields to some of the world's largest companies.

JLT is part of the Jardine Lloyd Thompson group of companies, a leading risk management adviser, insurance and reinsurance broker and a major provider of employee benefits administration services and related consultancy advice.

Jardine Lloyd Thompson Group plc is quoted on the London Stock Exchange and employs 5,500 people worldwide and through JLT NetworkTM provides our insurance broking services in more than 120 countries.
www.jltgroup.com