Public-Private Partnership Pilot Program (Penta-P)
The Public-Private Partnership Pilot Program, known as Penta-P, was authorized SAFTEA-LU for certain new "fixed guideway capital projects," meaning public transit systems that use rail or a dedicated road, such as a bus rapid transit system. The pilot program will allow USDOT to study whether public-private partnership projects speed completion, allow more reliable projections of project costs and benefits, and improve project performance. The pilot will study projects that, among other things, use methods of procurement that integrate risk-sharing and streamline project development, engineering, construction, operation, and maintenance. The amount and terms of private investment in such projects is a significant factor in selecting projects to participate in the program.