Advancing Public Interest in Public-Private Partnership of State Highway Development
Facing rapidly increasing demand for new or additional transportation capacity, many states are eagerly exploring public-private partnership (PPP) in state highway development, which may allow public agencies to access private project financing and specialized expertise, and thus save public investment, expedite project completion, or improve service quality and diversity. Nevertheless, the path of PPPs is not smooth. The confusion and controversy surrounding recent asset-monetization leasing concession cases in the U.S. have led to widespread public concerns and legislative caution, in particular on the question of whether a PPP project is advancing the public interest. The purpose of this project is to study the public interest associated with PPPs, with the goal to maximize efficiency gains, mitigate potential risks, and address public concerns in launching and deploying PPPs in state highway development. In particular, the authors focus on three aspects of PPP consideration: (1) Understanding economic rationales of PPPs, (2) Legal and political aspects of PPP decision-making, and (3) Managerial issues in implementing PPP projects.
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Corporate Authors:
University of Minnesota, Twin Cities
Humphrey Institute of Public Affairs, 280 Humphrey Center
Minneapolis, MN United States 55455Minnesota Department of Transportation
Research Services Section, 395 John Ireland Boulevard, Mail Stop 330
St Paul, MN United States 55155 -
Authors:
- Zhao, Zhirong
- Saunoi-Sandgren, Emily
- Barnea, Avital
- Publication Date: 2011-2
Language
- English
Media Info
- Media Type: Web
- Edition: Final Report
- Features: Figures; References;
- Pagination: 66p
Subject/Index Terms
- TRT Terms: Economic factors; Financing; Highways; Legal factors; Management; Political factors; Public private partnerships; Road construction; States
- Uncontrolled Terms: Public interest
- Subject Areas: Finance; Highways; I10: Economics and Administration; I21: Planning of Transport Infrastructure;
Filing Info
- Accession Number: 01335370
- Record Type: Publication
- Report/Paper Numbers: MN/RC 2011-09, CTS Project # 2010001
- Contract Numbers: 89261 (wo) 141
- Files: TRIS, ATRI, STATEDOT
- Created Date: Apr 6 2011 4:31PM