Feasibility study guideline for public private partnership projects : volume I & II.
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2010-10-01
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Abstract:For many state Departments of Transportation (DOTs), a shortage of transportation funds requires the
agencies 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. Due to the complexity of scale of PPP
projects, it remains a challenging task for state DOTs to identify PPP opportunity while protecting public
interest. This report presents a framework for PPP feasibility study at the early phase of project
development. The financing analysis process model is developed and refined for the guideline. An Excelbased
software package named P3FAST is developed and attached with the research report to facilitate
the PPP feasibility study for transportation agencies. An example is discussed to demonstrate the analysis
process and outcome. Three types of PPP models are compared and evaluated to achieve a feasible
financing structure. The report includes two volumes: volume I research report and volume II feasibility
study guideline.
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