P3 Toolkit: Risk Valuation and Allocation for Public-Private Partnerships (P3s)

United States. Federal Highway Administration. Office of Innovative Program Delivery

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P3 Toolkit: Risk Valuation and Allocation for Public-Private Partnerships (P3s)

2017-01-01
By United States. Federal Highway Administration. Office of Innovative Program Delivery

[PDF-223.21 KB]

English

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Details:

Corporate Creators:

United States. Federal Highway Administration. Office of Innovative Program Delivery
Contributors:

DeCorla-Souza, Patrick T.
Subject/TRT Terms:

[+]

Government Agencies Infrastructure Public Private Partnerships
Resource Type:

Brief
Geographical Coverage:

United States
Corporate Publisher:

United States. Federal Highway Administration. Office of Innovative Program Delivery
Abstract:

The use of Public–Private Partnerships (P3s) marks a shift away from traditional ways of procuring and financing highway projects. Under the P3 model, a private partner may participate in some combination of design, construction, financing, operations, and maintenance, including the collection of toll revenues. Under traditional public procurement of highway projects, the public agency retains most of the risks, yet these risks are not usually quantified, nor are their costs always included in the project cost estimates. A key component of P3 procurement involves the transfer of certain risks from the public agency procuring the project to the private sector partner. The concept of “transferring risk” requires that the private partner will be responsible for cost overruns or expenses associated with the occurrence of that risk.
Format:

PDF
Collection(s):

Federal Highway Administration
Main Document Checksum:

[+]

urn:sha256:aada7315ef9856d88b5a88edd3253206d4ce98f1ac5260120bff60c562aa3439
Download URL:

https://rosap.ntl.bts.gov/view/dot/55650/dot_55650_DS1.pdf
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P3 Toolkit: Risk Valuation and Allocation for Public-Private Partnerships (P3s)

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