United States Department of Transportation
i
Synthesis of public-private partnerships : potential issues and best practices for program and project implementation and administration.
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2015-08-01
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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.
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