The Office of Innovative Program Delivery (IPD) provides tools, expertise and financing to help the transportation community explore and implement innovative strategies to deliver costly and complex infrastructure projects.
IPD offers coordinated assistance with:
This report identifies best practices in the use of public-private partnerships (P3) where private sector concession companies design build finance operate and maintain new highways and other transportation improvements. The report was prepared by the United States Department of Transportation (U.S. DOT) to describe how public agencies can best work with the private sector to implement new transportation improvements.
View the Report (March 2016)
More about the Report
The Office of Innovative Program Delivery released the P3-VALUE 2.0 Analytical Tool, the second generation of an Excel-based spreadsheet tool designed to educate and assist practitioners in the planning and high-level screening evaluation of P3 procurements. Practitioners may use the tool to better understand the concepts, inputs, key assumptions and outputs from evaluations of risk, financial feasibility, benefit-cost and "value for money" analyses used to compare the aggregate financial benefits and costs of a P3 alternative with conventional procurement. The P3-VALUE 2.0 webinar series explains the structure and application of the P3-VALUE 2.0 Analytical Tool.
View the Tool
More about the webinar series (2016)
U.S. Transportation Secretary Anthony Foxx today announced a $211 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan from the Federal Highway Administration (FHWA) to finance construction of the new US 301 mainline toll project in Delaware to relieve area congestion. The Delaware Transportation Authority, on behalf of the Delaware Department of Transportation, will use the funds to build a new 13-mile, four-lane corridor. The highway will extend from the existing US 301 at the Maryland border with Delaware to SR 1 south of the Chesapeake and Delaware Canal in Delaware.
Read the full Press Release (December 3, 2015)