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Alternative Title:Evaluation of PPP proposals;UTCA theme: Management and safety of transportation systems;
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Edition:Final report; June 2008-Jan. 2009.
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Abstract:In Alabama, a shortage of transportation funds requires the Alabama Department of Transportation (ALDOT) to combat that shortage by implementing innovative programs. Nationwide, Public Private Partnerships (PPP) in transportation projects are increasingly gaining acceptance as an alternative to the traditional approaches of project delivery and public financing. It is expected that ALDOT will be authorized soon to conduct PPP projects. Therefore, there is urgent need for the state agency to understand nationwide PPP practices and develop a proposal evaluation procedure for PPP projects. This report documents the current practices of Public-Private Partnerships in transportation investment, summarizes the PPP evaluation and implementation processes in leading states, investigates alternative financing options available for transportation projects, and assesses the legal environment and public opinion with respect to PPP implementation. The I-10 connector project has been used as an example to illustrate an appropriate method for Alabama to evaluate the economic viability of PPP proposals in an effort to protect public interest.
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