SUMMARY OF THE FEDERAL HIGHWAY ADMINISTRATION'S SYMPOSIUM ON OVERCOMING BARRIERS TO PUBLIC-PRIVATE PARTNERSHIPS
This report summarizes the Federal Highway Administration (FHWA) sponsored seminar held on December 6, 1993, covering various topics related to overcoming barriers to public-private partnerships for developing and financing highway transportation projects. Three overall themes or topics were addressed: the first topic was to identify an array of partnership structures available for financing infrastructure improvements; second, experience from case studies was used to identify and discuss barriers to public-private partnerships; and finally, various means to overcome the barriers were suggested and discussed in an open forum. The following partnership structures, evolving from public to private, were discussed: traditional new public highway; traditional new public toll-road delivery; innovative financing for new public facilities; blended public-private financing for new public toll road delivery; public-private partnerships to deliver new road capacity; and privately supplied new highway. The following barriers or issues drew the most attention and comment during the Symposium: financial barriers; equity; barriers related to concession or franchise agreements; powers of state agencies; procurement barriers; permitting process; tax structure; and support from government and the community. Briefly stated, key suggestions to overcome the barriers were: create an attractive investment climate; provide direct government support; develop community-wide support; provide early development stage support by government; limit environmental protests; enhance incentive to use private bonding; provide funding as a catalyst for public-private arrangements; develop innovative financing; look beyond tolls for revenue streams; and establish on-going communications.
- Record URL:
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Supplemental Notes:
- This summary report is Number 11 in the Federal Highway Administration's Searching for Solutions: A Policy Discussion Series. This report was prepared for the Federal Highway Administration by Apogee Research, Inc.
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Corporate Authors:
Federal Highway Administration
1200 New Jersey Avenue, SE
Washington, DC United States 20590 - Publication Date: 1994-5
Language
- English
Media Info
- Media Type: Digital/other
- Features: Appendices;
- Pagination: 51 p.
Subject/Index Terms
- TRT Terms: Barriers (Roads); Case studies; Conferences; Financing; Highway transportation; Improvements; Infrastructure; Project management; Public private partnerships
- Uncontrolled Terms: Barriers; Projects
- Subject Areas: Administration and Management; Finance; Highways; I10: Economics and Administration;
Filing Info
- Accession Number: 00674253
- Record Type: Publication
- Report/Paper Numbers: FHWA-PL-94-026
- Files: NTL, TRIS, USDOT
- Created Date: Feb 8 1995 12:00AM