Public-private partnership oversight : how FHWA reviews P3s.
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2015-01-01
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Abstract: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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