While public-private partnerships (P3s) are simple at their core, the legal, financial, and organizational details can be complex. The cultural differences between public and private participants are great. P3 projects that strengthen cross-border trade between Mexico, Canada, and the United States are vital for maintaining a competitive economy. This article offers guidance for how to promote these relationships and develop the necessary infrastructure.
The trends in support of public-private partnerships are accelerating. To remain competitive, P3 laws must be updated and adjusted to improve trade advancements. Furthermore, communication across borders must be clear and unified to develop successful projects. Policymakers must view private investment as a key part of future cross-border infrastructure development.