Public Transportation Guidebook for Small- and Medium-Sized Public-Private Partnerships (P3s)

A public-private partnership (P3) is defined as a contractual agreement formed between a transit agency and a private sector entity that provides a service to the transit agency and transfers some level of risk associated with the activities of the transit agency to the private sector. Small- and medium-sized P3s may involve a public transit agency working collaboratively with, or contracting to, a private entity to renovate, construct, operate, maintain, finance, or manage a transit facility or system. Prior to this project, research on P3s for public transportation largely focused on large-scale P3 initiatives. Little information was available on small- and medium-sized P3s associated with public transportation. In an effort to fill this gap, this guidebook offers practical approaches and best practices for identifying, planning, and implementing small- to medium-sized P3 initiatives associated with public transportation. This guidebook addresses the following pertaining to small- and medium-sized P3 initiatives associated with public transportation: defines different types of small- and medium-sized P3 initiatives; identifies potential benefits and risks of different types of small- and medium-sized P3 initiatives; assists public transit agencies in identifying, evaluating, and screening opportunities for small- and medium-sized P3 initiatives; and identifies barriers and challenges to planning and implementing P3 initiatives and how they may be overcome. Eight case studies on small- and medium-sized P3s from across the United States were conducted and are presented in the report. They address P3s for capital improvements, operations and maintenance, real estate, marketing agreements, and innovative technology. A P3 Project Screening Checklist accompanies the guidebook and can be found on the TRB website. It is an interactive Excel tool developed through interviews with public transit agencies and private entities. The research team used the lessons learned through the study to design a tool to present the user, the public transit agency, with an overall screening and evaluation of a P3 initiative. The guidebook is relevant to all public transportation modes.

Language

  • English

Media Info

  • Media Type: Digital/other
  • Features: Bibliography; Figures; Tables;
  • Pagination: 106p
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 01640764
  • Record Type: Publication
  • ISBN: 9780309446440
  • Report/Paper Numbers: Project G-15
  • Files: TRIS, TRB, ATRI
  • Created Date: Jul 7 2017 9:35AM