Report on Highway Public-Private Partnership Concessions in the United States

Public-Private Partnership (P3s) concessions are an integrated service delivery approach where a public transportation agency enters a contractual agreement with a private sector entity to deliver a service and/or facility for a specific period. Under the P3 approach, the private sector entity is singly responsible for the design, construction, finance, operations, maintenance, operation and renewal (if needed) of facilities for a specified concession period. P3 procurements encourage private sector partners to innovate and generate value through integrated delivery, effective risk management, and application of whole-life cost perspectives. This report assesses the experience of the 28 highway P3 concession projects that have been implemented in the U.S. since 1992. The report presents trends that have occurred for three groups of P3 projects: real toll concessions, availability payment concessions and long-term leases. The report analyzes how financing strategies and procurement structures have evolved over time, focusing on federal financial tools and related approvals. The report includes an appendix with 28 narrative P3 Story documents providing comprehensive information on the different highway P3 projects. These narratives describe how the projects came to be procured on a P3 basis. They provide physical descriptions of the projects, the history behind them and the steps that led to the decision to implement them on a P3 basis. The narratives also describe the procurement process that was used to award the P3 concessions, descriptions of how they were financed, the implementation process, and significant developments that have occurred since these innovative projects entered service.

• Record URL:
  https://www.fhwa.dot.gov/ipd/pdfs/p3/p3-toolkit_report_on_highway_p3s_122916.pdf
• Record URL:
  https://rosap.ntl.bts.gov/view/dot/64188
• Corporate Authors:

  WSP | Parsons Brinckerhoff

  Washington, DC  United States 

  Cambridge Systematics, Incorporated

  4800 Hampden Lane
  Bethesda, MD  United States  20814

  Federal Highway Administration

  Office of Innovative Program Delivery, 1200 New Jersey Avenue, SE
  Washington, DC  United States  20590

  U.S. Department of Transportation

  1200 New Jersey Avenue, SE
  Washington, DC  United States  20590
• Authors:
  • Perez, Benjamin
  • Giordano, Reno
  • Woodhouse, Matthew
  • Thompson, Jennifer
• Publication Date: 2016-12

Language

• English

Media Info

• Media Type: Digital/other
• Features: Appendices; Figures; Maps; Tables;
• Pagination: 161p

Subject/Index Terms

• TRT Terms: Contracts; Financing; Integrated project delivery; Leasing; Procurement; Public private partnerships; Road construction; Tolls
• Subject Areas: Administration and Management; Finance; Highways; Planning and Forecasting;

Filing Info

• Accession Number: 01703358
• Record Type: Publication
• Report/Paper Numbers: FHWA-HIN-17-006
• Contract Numbers: DTFH61-13D-00014
• Files: NTL, TRIS, ATRI, USDOT
• Created Date: Apr 29 2019 9:28AM