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These Primers are a reference for decision-makers and practitioners seeking to understand P3s as a financing alternative for major capital projects. The Primers are intended to assist practitioners in the planning and evaluation of P3 procurements.
Establishing A Public-Private Partnership Program: A Primer
Establishing a Public-Private Partnership (P3) program within a public agency involves issues from enabling legislation through identification, evaluation, negotiation and management of P3 projects. This primer explores key issues involved in establishing a P3 program at a public agency with a focus on P3s for new capacity for highway infrastructure.
Financial Structuring and Assessment for Public-Private Partnerships: A Primer
This primer addresses Financial Structuring and Assessment for public-private partnerships (P3) and has been prepared as a companion document to FHWA's recent primers on Value for Money Analysis and Risk Assessment for P3s. Most P3 projects are financed by using a combination of private equity, debt, and (often) public subsidies.
Risk Assessment for Public-Private Partnerships: A Primer
This primer addresses Risk Assessment for public-private partnerships (P3) and has been prepared as a companion document to FHWA's recent primers on Value for Money Analysis and Financial Structuring and Assessment for P3s.
Value for Money Assessment for Public-Private Partnerships: A Primer
This primer focuses on assessing the financial impacts of P3 delivery compared to conventional delivery, from the perspective of the public agency procuring the project.
These Guidebooks are a reference for decision-makers and practitioners seeking an advanced understanding of P3s as a financing alternative for major capital projects. The Guidebooks are intended to be detailed follow-on to the P3 primer, and as such cover more challenging and advanced topics.
Guidebook on Financing of Highway Public-Private Partnership Projects (Preliminary Draft-March 2016)
This Guidebook is for transportation professionals who may be involved in a Public-Private Partnership (P3) project. The objective of this guidebook is to increase the readers' knowledge of the concepts and skills needed to procure transportation projects using a P3 approach. The guidebook also aims to demonstrate, through practical applications, some of the techniques used to conduct a P3 financial assessment, and includes examples of real projects so the reader can understand how concepts have been applied in practice.
Guidebook for Risk Assessment in Public Private Partnerships
Risk assessment is one of the inputs for the quantitative analysis in the Value for Money assessment. In addition to this guidebook, FHWA's P3 Toolkit also includes both the Risk Assessment for Public-Private Partnerships: A Primer, and the P3-VALUE 2.0 Tool and User Guide, which includes a risk assessment component. This guidebook is intended to be an intricate and detailed follow-on to the primer and covers more challenging and advanced risk assessment topics. It is designed to enhance the overall understanding of the relationship between risk assessment and Value for Money analysis and to provide hands on guidance for practitioners in the field.
Guidebook for Value for Money Assessment
The Value for Money Assessment concept is used to compare P3 and conventional delivery methods for the same investment project and, in this context, answer the question, "Which delivery method provides the 'best deal' for implementing a specific project from the perspective of the government?" The Guidebook describes the process that can be used on a case-by-case basis to compare the aggregate benefits and costs of a P3 against those of the conventional alternative, from the perspective of the public agency procuring the project. In addition to this guidebook, FHWA's P3 Toolkit also includes both Value for Money Assessment for Public-Private Partnerships: A Primer, and the P3-VALUE 2.0 Tool and User Guide, which includes a Value for Money Analysis component.
Benefit-Cost Analysis for Public-Private Partnership Project Delivery: A Framework
This focuses on developing a framework to evaluate the societal benefits and costs of P3 delivery, including the net societal benefits from accelerating project delivery. In addition to this guide, FHWA's P3 Toolkit also includes the P3-VALUE 2.0 Tool and User Guide, which includes a benefit-cost analysis component.
Public-Private Partnership Oversight: How FHWA Reviews P3s
FHWA has released guidance describing Federal-aid stewardship and oversight practices for P3 projects. Differences in the procurement, construction and financing of P3s vis-à-vis traditional Federal-aid projects raise important issues for FHWA stewardship. The guidance describes FHWA activities when a state DOT - or a local public agency for which the state DOT is responsible - allocates to a private partner the long-term obligation for some combination of designing, financing, constructing, operating, and maintaining a highway project.
Predevelopment Costs for Public-Private Partnership Projects - Federal-aid Highway Program Eligibilities
FHWA has released a set of questions and answers providing guidance on the use of Federal-aid highway funds for predevelopment costs. Predevelopment costs include those associated with activities that provide decision-makers the opportunity to identify, assess, and modify potential infrastructure projects and modifications to existing infrastructure projects, and to advance those projects from the conceptual phase to actual construction. These early phase activities are particularly important in identifying opportunities for public-private collaboration in the financing and delivery of infrastructure projects.