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:
  • Public private partnerships
  • Plan implementation
  • Best practices
  • Procurement
  • Case studies
  • Literature reviews
  • Construction projects
  • Infrastructure
  • Privatization
  • 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.
  More +
• Format:
  PDF
• Funding:
  SPR15-500
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/29182/dot_29182_DS1.pdf
• File Type:
  [PDF - 896.89 KB]
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha256:e5ce6095e641708f60dc0765153ed2b96f07c4ff8c4172d527d8710d4a00dd30