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Foundation P3 Resources

Protecting the Public Interest: The Role of Long-Term concession Agreements for Providing Transportation Infrastructure P3
USC Keston Institute for Public Finance and Infrastructure Policy
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Written by Jeffrey Buxbaum and Iris Ortiz of Cambridge Systematics, Inc. this paper explores the confusion and controversy surrounding long-term concession agreements has come about because they have been promoted as silver bullets, as essentially free money provided by the private sector that will not require new taxes or fees. But users of the facilities will have to pay, and how users pay will be very different from how they have paid in the past. These new models may in fact prove to be more equitable and efficient than the old methods, but the negative reaction in some quarters to the initial agreements highlights the need for careful analysis and transparency going forward. The report explores the recent long term lease transactions of the Chicago Skyway, Indiana Toll Road and other potential transactions in those two states as well as Texas, Virginia and other domestic locations. The report identifies a number of potential strategies to address public concerns regarding public sector decision making including, conflicts of interest between the public and private sectors, and how contract terms can affect price levels and pubic control.

Driven by Dollars: What States Should Know When Considering Public-Private Partnerships to Fund Transportation P3
Pew Center on the States

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This report analyzes Pennsylvania's unsuccessful effort in 2008 to lease the Pennsylvania Turnpike to private investors. The report provides valuable lessons for other cash-strapped states seeking to fund their highways and bridges. It identifies the information states need and the issues they should deliberate when exploring P3s to fund infrastructure improvements.

According to the report, states considering public-private partnerships should have clear, data-driven answers to questions in the following four categories: (1) Examining the Options - the Decision-Making Process; (2) Let's Make a Deal - the Deal-Making Process; (3) Show Me the Money - Financial Analysis; and (4) Who Will Mind the Store? Oversight and Service Provision.

How States and Territories Fund Transportation: An Overview of Traditional and Nontraditional Strategies Project FinanceP3Tolling and Pricing
National Governors Association Center for Best Practices

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This report is designed to provide states with an overview of traditional funding mechanisms, profiles of new and innovative programs at work in the United States and overseas, and a summary of each state's surface transportation funding approaches. The report covers state-driven mechanisms only and is meant to help states identify strategies to consider in addressing their revenue needs alongside federal and local approaches. P3s are discussed among the nontraditional and innovative financing mechanisms, and the report highlights which states are authorizes and have used P3s or surface transportation projects.

Innovative State Transportation Funding and Financing: Policy Options for States Project FinanceP3Tolling and Pricing
National Governors Association Center for Best Practices

Website
This paper presents the basic state policy options for funding transportation and outlines recent innovations by: (1) providing case studies of state and international experience with a full range of policy options; (2) addressing new options that have emerged; (3) summarizing new developments in P3s; and (4) detailing financing options, such as congestion pricing, which establish a price signal to users that can both raise revenue and encourage more efficient use of the transportation infrastructure. Each chapter provides a description of a different type of innovative financing or funding approach or ways to address demand; best practices from the United States and abroad; and additional considerations for states that are considering these options. Chapter 6 deals with the recent interest in P3s by discussing innovative procurement, design-build strategies, concession agreements, and other ideas.

Reason Foundation Annual Privatization Report 2009Project DeliveryProject FinanceP3Tolling and Pricing
Reason Foundation

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Reason Foundation's 23rd Annual Privatization Report details the latest trends and examples of how public officials are reducing costs and improving service delivery through public-private partnerships, outsourcing, and performance-based government. The surface transportation component of the report contains information on new P3 toll roads, the leasing of existing toll roads, HOT/managed lane projects underway, overseas concession projects, and a look at China's growing effect on private capital.

Ten Myths and Facts on Transportation Public-Private Partnerships P3
Reason Foundation

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This report authored by the Reason Foundation in conjunction with the Buckeye Institute for Public Policy Solutions aims to clarify 10 prominent “myths” about P3s and describe the corresponding “facts.” The report is designed to inform transportation infrastructure decision making following the 2011 legislative authorization permitting the Ohio DOT to enter into transportation P3s and the long-term lease of the Ohio Turnpike to private investors, separately authorized in that year’s state budget. In 2012, the Ohio DOT announced the formation of an internal Division of Innovative Delivery that is helping to identify alternative funding solutions for transportation initiatives, capitalizing on this new authorization in the face of traditional funding shortfalls.