United States Department of Transportation
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Innovative Approaches to Improved Intermodal Transportation Infrastructure Funding and Financing through Public-Private Partnerships: A Denver Case Study
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2016-09-01
[PDF-1.06 MB]
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TRIS Online Accession Number:01625812
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Abstract:For many years, cities and states in the U.S. have been facing a shortage of funding for transportation infrastructure. Increasingly, public entities are turning to the private sector for help with building, financing, or operating major transportation projects. Until recently, most of the transportation public-private partnerships (PPPs or P3s) in the U.S. have been toll roads or bridge projects. The purpose of this research is to examine the recent use of transit public-private partnerships (PPPs or P3s) in the Denver Regional Transportation District’s (RTD) FasTracks program, a 2004 voter-approved $4.7 billion transit expansion program. After a shortfall in funding, RTD partnered with several private consortia to enable the FasTracks program to move forward. We identified five transit PPPs in the FasTracks program with varying levels of private sector participation: Eagle P-3 commuter rail; Denver Union Station redevelopment; U.S. 36 bus rapid transit; I-225 light rail; and North Metro commuter rail. Using in-depth interviews with key stakeholders and policymakers in the Denver region, we seek to identify the degree to which the P3s in Denver have been successful and could serve as a model for transit infrastructure expansion in other metropolitan regions in the U.S.
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