ANNAPOLIS (AP) — A measure to better facilitate public-private partnerships in Maryland has cleared the General Assembly.
The bill, which received final approval on Monday, was proposed by Gov. Martin O’Malley’s administration.
The legislation creates a streamlined process for the private sector to take part in building public roads or buildings, so participants would have a better understanding of what to expect.
Lt. Gov. Anthony Brown says the measure will enhance private-sector investment in the state.
Maryland already has a public-private partnership at the Port of Baltimore. The state also has one to operate travel plazas along Interstate 95.
State estimates have projected additional public-private partnerships could contribute up to 6 to 10 percent of Maryland’s $3.1 billion annual capital budget and create as many as 4,000 new jobs.