The Office of Innovative Program Delivery (IPD) provides tools, expertise and financing to help the transportation community explore and implement innovative strategies to deliver costly and complex infrastructure projects.
IPD offers coordinated assistance with:
This Guide presents key concepts for the structuring and development of legal contracts for highway transportation Public-Private Partnerships (P3) in the United States. It is intended to serve as a reference for State and local governments as they work with the private sector in advancing critical highway investments. The Guide illustrates how P-3 contracts are developed and structured and explains the major provisions in typical P3 contracts. The Guide is part of a broader effort by FHWA to promote understanding of P3 transactions, which will include a parallel document on availability payment P3 contracts.
Read the full Guide (September 10, 2014)
Source: Florida Department of Transportation
U.S. Transportation Secretary Anthony Foxx announced at today's Build America Infrastructure Investment Summit a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan for $950 million to help pay for the reconstruction and widening of 21 miles of Interstate 4 in metropolitan Orlando, Fla. This is the largest loan the Department has awarded to a public-private partnership (P3). When completed, the project will relieve congestion in one of the country's most heavily traveled areas.
Read the full Press Release (September 9, 2014)