In the past, when governments wanted hospitals or subway lines or train stations built, they hired a company to create that infrastructure, then oversaw the project themselves. But in recent years, complaints about billions in cost overruns and poor management have prompted governments to try alternative means of getting these mega-projects done. And so, public-private-partnerships, or P3s, are now what typically happens. Lou Serafini Jr., president and chief executive officer of Fengate Asset Management, joins The Agenda to assess that process.
