ISSUES OF PUBLIC/PRIVATE PARTNERSHIPS. 30TH ANNUAL WORKSHOP ON TRANSPORTATION LAW, SNOWBIRD CONFERENCE CENTER, SNOWBIRD, UTAH, JULY 21-25, 1991

Both the public sector and private sector have to change methods and processes of doing business in order for public/private partnerships to work. This paper compares the E-470 toll road project in Colorado with four toll road projects in California called the AB 680 projects. The E-470 project is being built by a public highway authority which is a special agency of the State of Colorado and is controlled by a Board of Directors composed of elected officials from communities along the corridor. The AB 680 projects were created by Assembly Bill 680 which empowered CalTrans to enter into franchise agreements with four toll road developers. The franchise agreements call for each toll road developer to finance, design and build a toll road in a specific location in California. The toll road developers will receive an unguaranteed return on their investment based on tolls collected from operating the toll road for 35 years. Areas discussed are (a) contractural risks, including environmental risks, differing site conditions, dispute resolution, realistic contract performance time, liability and operation risks, change of law, and unresolved issues, and (b) other risks, including community acceptance, future development, and value capture.

  • Authors:
    • Bauman, R D
  • Publication Date: 1991-7

Media Info

  • Pagination: 6 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00616549
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Nov 30 1991 12:00AM