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)