Financial structuring and assessment for public–private partnerships : a primer.
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2013-12-01
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Abstract:The Federal Highway Administration’s (FHWA’s) Office ; of Innovative Program Delivery (IPD) assists States ; and local governments in developing knowledge, skills, ; and abilities in innovative finance techniques. Public–private ; partnerships (P3s) are one form of innovative finance. IPD ; supports the research and development of tools to facilitate ; consideration and implementation of P3s, assists in building ; the capacity of practitioner communities, develops and implements ; Federal policy on P3s, and collaborates with State and ; local partners to communicate the various aspects of P3s to ; elected officials, transportation leaders, and the public. ; A key IPD activity is the development of a series of ; primers to (a) assist in understanding P3s, (b) provide key ; considerations in establishing a P3 program, and (c) show ; how to compare a P3 procurement option with the conventional ; approach. This primer is part of the series. Supporting ; guides and a training program are also being developed. ; Other primers and a variety of P3 resources are available via ; the section devoted to P3s on IPD’s Web site at http:// ; www.fhwa.dot.gov/ipd/p3/index.htm. ; This primer addresses the issue of financial structuring ; and assessment for P3s. Companion primers on the topics of ; Value for Money (VfM) analysis and risk assessment for P3s ; are also available as part of this P3 primer series. P3s, risk ; assessment, and VfM analysis—and their interrelationships— ; are briefly described in the following sections.
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Main Document Checksum:urn:sha-512:ede8456776cfdc0022b57188cc43d604c119b639552c9e56ab67a1e1ced1220d8d642f9c5beb2eec8baa1bec2822009ccd5f3710ffba9a30d411ff5ae210d66f