- Briefing Room
The IBTTA is the worldwide association for the owners and operators of toll facilities and the businesses that serve them. It provides a professional community of interest, delivers education through meetings, webinars, and special forums, conducts governments relations and advocacy, compiles data on toll operations and finance, and hosts an extensive resource library. A daily email news compilation on the tolling industry called IBTTA SmartBrief contains occasional news about P3 projects and programs.
The National Council for Public-Private Partnerships is a non-profit, non-partisan organization founded in 1985 that advocates and facilitates the formation of P3s at the federal, state and local levels, where appropriate, and to raise the awareness of governments and businesses of the means by which their cooperation can cost effectively provide the public with quality goods, services and facilities. Its website provides news, events and training, and resources including information on state legislation, publications, and case studies.
Reason Foundation's Annual Privatization Reports detail 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 typically contains information on domestic and international P3 concessions, as well as federal and state policies and law.
Public Works Financing newsletter's specific focus since 1988 has been on public-private partnerships in infrastructure finance. Its experienced editorial staff provides projects leads, detailed project case studies, news analysis, business and political trends. In addition to monthly issues, PWF maintains a database of nearly 4,000 P3 projects that are planned, being built, or operating around the world. A subscription is required to access the newsletter and database.
This book deals with the legal issues encountered when negotiating and drafting agreements relating to project finance, and is designed for general use throughout the world rather than any particular country. The book is available in loose-leaf form or PDF and is updated annually. It provides a chapter-by-chapter analysis and discussion of the different issues involved in project finance, together with contract forms that represent a collection of documents used around the world.
This report encourages the enactment of consistent P3 enabling legislation by states as a tool to increase investment in infrastructure. The report provides model legislation and presumes that it will be tailored by individual states according to their needs and circumstances. Key components of the legislation are designed to: enable P3s for a wide range of projects, create a state office dedicated to providing P3 expertise and assistance, standardize and promote best practices, and protect the public interest.
This report posits that public-private partnerships are neither a "panacea to all America's infrastructure challenges" nor "a corporate takeover of critical public assets." It aims to fill the gap in the public's understanding of P3s to match the recent surge in interest in this public infrastructure procurement and management tool. It provides an overview of basic P3 structure, how to consider proper risk and reward sharing, and the purpose and the rationale behind these arrangements. Nine recommendations are presented for decision makers considering P3s.
This report aims to improve understanding of the barriers to P3s in the U.S. and of P3s as a project delivery method. The Eno Center's P3 Working Group brought together industry leaders and experts to identify barriers to the increased use of P3s and to outline approaches for overcoming these barriers and create win-win opportunities. The Working Group began by studying both successful and unsuccessful P3 initiatives across the country in an effort to identify lessons learned for policymakers, legislators, and officials interested in using P3s to deliver transportation infrastructure projects. The Working Group was able to identify patterns in the challenges that states and localities have faced in employing P3s and develop recommendations for federal and local policy to enable greater use of P3s as an effective infrastructure delivery mechanism in the future.
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 was 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 (but ultimately not executed). 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.
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.
This book reviews the history of transport partnerships around the world and provides detailed case studies of three partnership projects:
The case studies relied on interviews with financial advisers, bankers, construction companies, investors, government officials, development banks, academicians, and journalists, together with a review of primary project documents and other written materials. Representing a case of failure, a case of success, and one whose fate had not yet been determined, the cases offer rich comparisons. They were shaped by differing cultural expectations and economic conditions. They also benefited from the commitment of creative supporters and were subjected to changing political winds.