United States Department of Transportation
i
Risk assessment for public–private partnerships : a primer.
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2014-01-01
[PDF-929.20 KB]
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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 risk assessment for P3s.
Companion primers on the topics of Value for Money (VfM)
analysis and financial assessment for P3s are also available as
part of this P3 primer series. P3s, risk assessment, and VfM
analysis are briefly described in the following sections.
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