New Jersey Educational Facilities Authority

New Jersey Educational Facilities Authority

Public-Private Partnerships

NJEFA's Role

On August 14, 2018 Governor Murphy signed P.L. 2018, c.90 (S- 865) into law. The law allows a public or private college or university, school district, municipality, county or other state entity to enter into a public-private partnership (P3) agreement with a private organization that would assume the financial and administrative responsibility for the development, construction, reconstruction, repair, alteration, improvement, extension, operation, and maintenance of a government-related project.

Project Process

The review includes an analysis by a P3 advisor selected from a pool of qualified P3 specialists that have been vetted by the Office of Public Finance. Projects are reviewed in coordination with several sister agencies and entities.

Resources

P3 Statute - P.L.2018, Chapter 90

College / University Review Process

Department of Treasury

Office of the Secretary of Higher Education

Educational Facilities Authority (as appropriate)

Economic Development Authority

Department of Transportation (where a transportation element is under consideration)

Office of Public Finance

P3 Opportunities:

Student Housing

Utilities

Energy Projects

Parking Facilities

Student Life Buildings

For More Information Contact:

Steve Nelson
Director of Project Management
Steven.Nelson@njefa.nj.gov


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