This report describes the growing use of PPPs for highway and transit projects in the United States. The report indicates that PPPs reduce costs, accelerate project delivery, provide high-quality projects and transfer risks to the private sector, but also explains that PPPs address failings of the traditional approaches to transportation funding and procurement. The report points to the vast amount of private capital that is available for investment in transportation projects and to the incentives and contractual structures that ensure that private investment will benefit the public sector. Perhaps most importantly, however, this report provides details about the PPP projects that have reached commercial and financial close over the last few years, and the many PPP projects that are currently being procured in the United States. Ultimately, it is this unprecedented use of PPPs which demonstrates that PPPs are becoming a preferred approach for providing transportation infrastructure in the United States.
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