P3 Toolkit: Value for Money Analysis for Public-Private Partnerships (P3s)

Details

• Corporate Creators:
  United States. Department of Transportation. Federal Highway Administration. Office of Innovative Program Delivery
• Contributors:
  DeCorla-Souza, Patrick T.
• Subject/TRT Terms:
  • Public private partnerships
  • Infrastructure
  • Government agencies
• Resource Type:
  Brief
• Geographical Coverage:
  United States
• Corporate Publisher:
  United States. Department of Transportation. Federal Highway Administration. Office of Innovative Program Delivery
• Abstract:
  Under a Public–Private Partnership (P3) for highway projects, a private partner may participate in some combination of design, construction, financing, operations, and maintenance, including the collection of toll revenues. Value for Money (VfM) analysis is a process used to compare the financial impacts of a P3 project against those for the traditional public delivery alternative. The methodology for carrying out a VfM analysis involves: Creating a Public Sector Comparator (PSC), which estimates the whole-life cost of carrying out the project through a traditional approach; Estimating the whole-life cost of the P3 alternative (either as proposed by a private bidder or a hypothetical “shadow bid” at the pre-procurement stage); Completing an “apples-to-apples” comparison of the costs of the two approaches.
• Format:
  PDF
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/55651/dot_55651_DS1.pdf
• File Type:
  [PDF - 253.89 KB]
• Collection(s):
  Federal Highway Administration
• Main Document Checksum:
  urn:sha-512:312d45b918f0b54578cf438513c5895245a4b56fa63edb3c07e5083386a69d29fe33e162c66521f8c3acbfe9e77e70251b025ba4a9768c0adce6c87358f9a8f0