Synthesis of public-private partnerships : potential issues and best practices for program and project implementation and administration.

Details

• Creators:
  Gibson, Bryan ; Wallace, Candice ; Sturgill, Roy
• Corporate Creators:
  University of Kentucky Transportation Center
• Corporate Contributors:
  Kentucky. Transportation Cabinet ; United States. Federal Highway Administration
• Subject/TRT Terms:
  Best Practices Case Studies Construction Projects Infrastructure Literature Reviews Plan Implementation Privatization Procurement Public Private Partnerships States
• Publication/ Report Number:
  KTC-15-13/SPR15-500-1F
• Resource Type:
  Tech Report
• Geographical Coverage:
  Kentucky
• Corporate Publisher:
  University of Kentucky Transportation Center
• Abstract:
  Public-private partnerships (P3s or PPPs) offer an innovative procurement method for the public sector.
  
  P3s involve collaborations between the public and private sectors to finance, develop or maintain transportation
  
  infrastructure. In an era of shrinking budgets and increased demand for transportation infrastructure, the Kentucky
  
  Transportation Cabinet (KYTC) can analyze experiences in other states to determine a best path forward on the issue of
  
  P3s. During the 2014 regular legislative session, the Kentucky General Assembly passed Kentucky House Bill (HB) 407,
  
  which would empower KYTC through the Kentucky Public Transportation Infrastructure Authority (KPTIA), to fund
  
  projects through P3 agreements. The governor eventually vetoed the bill. In the current 2015 legislative session, the
  
  General Assembly is considering Kentucky HB 443, which would authorize transportation P3s in Kentucky. The objective
  
  of this study is to examine benefits and drawbacks of using P3s, current trends and past performance of P3s in the
  
  procurement of state transportation infrastructure projects, and common legislative statutes relating to P3s.
  
  The team reviewed literature that broadly related to privatization. Then they defined P3s according to the parameters laid
  
  out by the Federal Highways Administration (FHWA). This report contains: 1) guidance and best practices that can be
  
  used to help ensure successful P3 implementation, 2) case studies that describe P3 experiences and lessons learned, 3) a list
  
  of factors that policymakers should consider as they deliberate on whether a P3 is the best procurement option for specific
  
  projects.
  
  The research conclusively demonstrated that P3s have become more widely used for transportation infrastructure projects
  
  in the United States in recent years. Policymakers must thoughtfully weigh risks and benefits before approving P3
  
  agreements. If Kentucky moves ahead with a transportation P3 program, future research would be geared toward studying
  
  the performance of projects and toward gathering lessons learned.
  
  
• Format:
  PDF
• Funding:
  SPR15-500
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha256:e5ce6095e641708f60dc0765153ed2b96f07c4ff8c4172d527d8710d4a00dd30
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/29182/dot_29182_DS1.pdf
• File Type:
  [PDF - 896.89 KB ]