Public Private Partnerships in California: Phase II Report: Section IV: Structuring P3 Projects

In this section of the report, the authors consider the structure of public-private partnerships (P3s) through analyzing the strengths and weaknesses of four P3 contracts. They begin with the Presidio Parkway contract. The Presidio Parkway contract is the most recent P3 contract that Caltrans has prepared; as such, they used it as a baseline to represent: a) the current thinking and positions of the department; b) the department’s best efforts; and, c) the best of industry-wide current practice. Using Presidio Parkway as a base, the authors compare and contrast it with three other P3 contracts, one each from Virginia, Texas, and Puerto Rico: the Pocahontas Parkway, Sam Rayburn Tollway, and PR-22/PR-5, respectively. The authors chose these contracts because, a) they are contemporary and domestic P3 contracts; b) people in the industry frequently hold up these three locales as models for P3 implementation (see Section VI Market for Private Capital); and, c) the final signed versions were readily available to the authors. The authors focus their attention on areas where the out-of-state contracts are superior to Presidio Parkway; the assumption is that any future California P3 would take the existing strengths of that contract and build up from that baseline.

  • Record URL:
  • Supplemental Notes:
    • This research was sponsored by the U.S. Department of Transportation, University Transportation Centers Program.
  • Corporate Authors:

    University of Southern California, Los Angeles

    School of Policy, Planning and Development
    Los Angeles, CA  United States  90089-0626

    METRANS Transportation Center

    University of Southern California
    Los Angeles, CA  United States  90089-0626

    California Department of Transportation

    1120 N Street
    Sacramento, CA  United States  95814

    Office of the Assistant Secretary for Research and Technology

    University Transportation Centers Program
    Department of Transportation
    Washington, DC  United States  20590
  • Authors:
    • Giuliano, Genevieve
    • Schweitzer, Lisa
    • Holliday, Kevin
    • Kridler, Matthew
  • Publication Date: 2012-1

Language

  • English

Media Info

  • Media Type: Digital/other
  • Features: References; Tables;
  • Pagination: 45p

Subject/Index Terms

Filing Info

  • Accession Number: 01887188
  • Record Type: Publication
  • Report/Paper Numbers: MT-12-2-4
  • Files: UTC, NTL, TRIS, ATRI, USDOT, STATEDOT
  • Created Date: Jul 11 2023 4:03PM