Skip to content

FHWA P3 Toolkit

The P3 Toolkit includes analytical tools and guidance documents to assist in educating public sector policy-makers, legislative and executive staff, and transportation professionals in implementation of P3 projects. The P3 Toolkit forms the base of a broader P3 capacity-building program which includes a curriculum of courses and webinars. The P3 Toolkit addresses Federal requirements and four key areas of P3 implementation: Legislation and Policy; Planning and Evaluation; Procurement; and Monitoring and Oversight. As new components of the P3 Toolkit are completed they will be added to this website.



A wide range of primers, guides, discussion papers, and informational reports designed to help practitioners understand and navigate the different aspects of implementing P3 projects


Analytical Tools

The P3-VALUE 2.2 spreadsheet-based calculation tool enables practitioners to conduct risk evaluation, financial feasibility assessment, benefit-cost analysis and value for money analysis for candidate P3 projects. Users enter inputs and key assumptions and are able to see how these affect the model output. While this P3 Toolkit analytical tool is intended to educate users in the analysis and screening of candidate P3 projects, it is not suitable for detailed project evaluation. Detailed analysis should be completed by experts using more sophisticated models. P3-VALUE 2.2 updates P3-VALUE 2.1 with an enhanced escalation option for the O&M component of availability payments; updates to a limited number of formulas and labels; and a listing of all functions used in the model in the "Key" sheet.



Materials and recordings of the various webinars FHWA has held to support the P3 Toolkit materials.


Programs, Institutions and Financial Instruments

U.S. DOT encourages the use of P3s through an array of innovative financing programs, institutions, and financial instruments designed to provide flexibility in the ways projects are delivered. These tools can augment traditional funding sources and enable agencies to accelerate the speed with which projects are typically completed. The benefits of these tools are not mutually exclusive and combining multiple tools on a single project provides the potential for synergy.

back to top