Public-private partnership oversight : how FHWA reviews P3s.

Public-private partnership oversight : how FHWA reviews P3s.

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    A growing number of State and local transportation agencies are considering the use of public-private partnerships (P3s), in which a private entity is involved in designing, financing, constructing, operating, and maintaining a transportation facility to address transportation needs. With rare exception, P3 projects receiving Federal-aid or credit assistance are subject to the same Federal regulations and requirements as other, traditional Federal-aid projects. Differences in the way P3s and traditional Federal–aid projects are procured, financed, and implemented raise important regulatory issues that Federal Highway Administration (FHWA) staff take into consideration as they ensure effective Federal stewardship of P3 projects in conjunction with the State or local transportation agencies. This guidance document is a reference to help State and local transportation agencies and the private sector understand how FHWA conducts stewardship and oversight of Federal-aid projects where P3s are being considered or implemented.
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