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SEP-15 is a new experimental process for FHWA to identify, for trial evaluation, new public-private partnership approaches to project delivery. It is anticipated that these new approaches will allow the efficient delivery of transportation projects without impairing FHWA's ability to carry out its stewardship responsibilities to protect both the environment and American taxpayers.
SEP-15 addresses, but is not limited to, four major components of project delivery:
- contracting
- compliance with environmental requirements
- right-of-way acquisition
- project finance
Elements of the transportation planning process may be also involved. SEP-15 applications may include suggested changes to the FHWA's traditional project approval procedures and may require some modifications in the implementation of FHWA policy. Deviations from current title 23, U.S.C., requirements and generally applicable FHWA regulations also may be involved.
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