P3 Toolkit: Financial Structuring of 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. With a form of highway P3 called a concession or a Design–Build– Finance–Operate–Maintain (DBFOM) contract, a concessionaire invests its own funds (known as equity) and borrows additional funds to pay for the construction of a highway project. The concessionaire maintains and operates the project for a specified period and expects to be repaid for its investment in the project over the period of the concession. P3s allow public agencies to access private equity capital to finance projects. P3s can accelerate the delivery of projects by helping public agencies raise the upfront capital necessary to construct a major infrastructure project all at once, rather than in stages. In some cases, private capital can mean the difference between developing a project and having no project at all.
• Format:
  PDF
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/55652/dot_55652_DS1.pdf
• File Type:
  [PDF - 222.41 KB]
• Collection(s):
  Federal Highway Administration
• Main Document Checksum:
  urn:sha-512:7291b6b7251cf0fc152b26765ca948173c32c1ffe9447cceed8127e24e1968a194c4a9167d44c876422fb808c829d3c1d23aff93b2e181f56bc8c3f8dd99570f