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P3 Toolkit

Publications

Primers

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
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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
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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
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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
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This primer provides a brief introduction to public - private partnership (P3) concessions for transportation project finance. Although many types of P3s exist, this primer focuses on P3s that involve assumption of financing risk by the private sector, as well as long-term (i.e., 10+ years) operations and maintenance.

 

Guidebooks

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 for Risk Assessment in Public Private Partnerships
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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 Risk Assessment Tool and User Manual. 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
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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. In addition to this guidebook, FHWA's P3 Toolkit also includes both Value for Money Assessment for Public-Private Partnerships: A Primer, and the Financial Assessment Tool and User Manual.

Oversight

Public-Private Partnership Oversight: How FHWA Reviews P3s 
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A growing number of State and local transportation agencies are considering the use of public-private partnerships (P3s) to implement transportation improvements. With P3s, the private sector may take on the risks and rewards of financing, constructing, operating, and/or maintaining a transportation facility in exchange for the right to future revenues or payments for a specified period of time. There are notable tradeoffs with these complex transactions that require careful review, due diligence and technical expertise to manage effectively. The differences in the way P3 projects are procured, financed, and implemented raise important regulatory issues that Federal Highway Administration (FHWA) staff take into consideration to ensure effective Federal stewardship of these projects together with their State and local partners. This guidance document is a reference to help State and local transportation agencies and the private sector understand FHWA's stewardship and oversight practices for Federal-aid projects where P3s are being used or considered.

Federal Highway Administration | 1200 New Jersey Avenue, SE | Washington, DC 20590 | 202-366-4000
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