- Briefing Room
This Public-Private Partnership Procurement Guide has been developed in coordination with the U.S. Department of Transportation (U.S. DOT) Build America Bureau, the Federal Transit Administration (FTA) and the Federal Highway Administration (FHWA) to provide advanced guidance on procedures, issues, and considerations involved in public-private partnership (P3) procurement of surface transportation projects, in particular for highway and transit investments.
This Guidebook is for transportation professionals who may be involved in P3 projects. The document increase the readers' knowledge of the concepts and skills needed to finance transportation projects using a P3 approach. The Guidebook describes many standard techniques used to conduct a P3 financial assessment.
FHWA has released guidance describing Federal-aid stewardship and oversight practices for P3 projects. Differences in the procurement, construction and financing of P3s vis-à-vis traditional Federal-aid projects raise important issues for FHWA stewardship. The guidance describes FHWA activities when a state DOT - or a local public agency for which the state DOT is responsible - allocates to a private partner the long-term obligation for some combination of designing, financing, constructing, operating, and maintaining a highway project.
Risk assessment is one of the inputs to the quantitative analysis in value for money assessment. This guidebook provides a detailed follow-on to the P3 Toolkit primer on Risk Assessment for Public-Private Partnerships and covers more challenging and advanced risk assessment topics. It is designed to enhance the overall understanding of the relationship between risk assessment and value for money analysis and to provide hands-on guidance for practitioners in the field. In addition to this guide, the P3-VALUE 2.0 Tool and User Guide also covers risk assessment.
Value for money assessments are used to compare P3 and conventional delivery methods and answer the question, "Which delivery method provides the 'best deal' for implementing a specific project from the perspective of the government?" The Guidebook describes the process that can be used on a case-by-case basis to compare the aggregate benefits and costs of a P3 against those of the conventional alternative, from the perspective of the public agency procuring the project. In addition to this guidebook, FHWA's P3 Toolkit includes two other documents that address value for money analysis: Value for Money Assessment for Public-Private Partnerships: A Primer, and the P3-VALUE 2.0 Tool and User Guide.
This Guidebook is intended to assist sponsors of transportation projects take the necessary steps and precautions to promote the successful delivery of P3 projects while protecting the public interest, especially a facility's ultimate users.
This set of questions and answers provides guidance on the use of Federal-aid highway funds for predevelopment costs. Predevelopment costs include those associated with activities that provide decision-makers the opportunity to identify, assess, and modify potential infrastructure projects and modifications to existing infrastructure projects, and to advance those projects from the conceptual phase to actual construction. These early phase activities are particularly important in identifying opportunities for public-private collaboration in the financing and delivery of infrastructure projects.