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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://


    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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