Risk assessment for public–private partnerships : a primer.

Risk assessment for public–private partnerships : a primer.

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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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