Roddy Devlin is a globally recognized, leading lawyer in the public-private partnership (P3) space receiving recognition from both Chambers USA and Chambers Global for his P3 work. Roddy is a sought after writer and speaker on P3-related topics.
I assist private and public sector parties in developing, financing, consummating, operating, and maintaining significant infrastructure projects domestically and overseas, with a particular focus on public-private partnerships.
On the private side, I represent project sponsors, lenders, underwriters, and construction companies in their P3 and project development efforts in a wide range of sectors. No two projects are the same, and no two sectors are the same. With this in mind, I ensure that my team includes the sector and subject matter experts required to provide my clients with optimal outcomes.
I have also assisted a number of public entities in coming to the market with their first P3 projects. Public-private partnerships raise myriad complicated issues for the public sector owner. I assist my public sector clients in assessing and properly allocating the key project risks among project participants in a manner that serves the goals of the owner and the needs of public users.
I have been involved in P3 transactions across the United States, the Caribbean, South America and Europe. These projects have involved roadways, airports, bridges, ports, water projects and entertainment assets. For example, I advised the bond issuer in connection with the multi-source financing of the $4 billion LaGuardia Airport Central Terminal P3 project in New York City, procured by the Port Authority of New York and New Jersey. The $2.6 billion of bonds issued for this project is the largest bond issuance to date for a US P3 project.
There is wide recognition that US infrastructure—from roads, bridges, and airports to water systems, schools, and civic buildings—requires significant new investment, both to maintain existing assets at an acceptable level and to add necessary additional assets.
I believe that public-private partnerships will be an important part of the solution. Although not right for every project, a properly structured public-private partnership can tap the technical know-how and efficiencies of the private sectors, as well as private sector financing, while allowing the public owner to continue its traditional role of ensuring that infrastructure assets are properly operated and maintained to meet the needs of the public users.
The University of Edinburgh, Diploma, Legal Practice
University of Aberdeen, LL.B.
University of Pennsylvania, LL.M.
New York City Project Finance & Public Finance partner Roddy Devlin joins this episode of the podcast to discuss asset recycling, a niche market in the public-private partnership sector.
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