02-25-2016
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02-25-2016
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2/25/2016 8:39:12 AM
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HISTORY <br />Use of P3s in the U.S. predates American Revolutionary War <br />1652: Boston Water Works Company, 1st private entity to <br />supply drinking water to U.S. citizens <br />1793: Lancaster Turnpike, toll road built by private sector <br />with public sector oversight and rights of way <br />1825: Erie Canal <br />1868: First Transcontinental Railroad <br />–Funded by stock issued by private companies that were <br />chartered by Congress <br />–As tracks were completed, federal lands adjacent to tracks were <br />granted to railroads for private development, provided return to <br />investors <br />5
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