State looks to hire privatization expert

LANSING — The state has hired KPMG to be its privatization expert. The firm is expected to provide the state with 12 ideas for privatization and better public-private partnerships each year, and anticipates working on implementing three to six of them.

Michigan policymakers have been interested in using more public-private partnerships, but recognized that it needed to look outside for expertise. As of Dec. 5, the administrative board approved the contract, but the state has not yet finalized the deal.  

KPMG will be paid $3.2 million over three years for its services. Its fees are expected to be paid by proceeds set aside by public-private partnership transactions, according to Treasury spokesman Terry Stanton.