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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

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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.

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Programs, Institutions and Financial Instruments

U.S. DOT offers financing and administrative programs to assist a public agency or its private partner in delivering a project via the P3 method. These program tools are often combined when structuring a P3 financial transaction.

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