United States Department of Transportation
ROSA P serves as an archival repository of USDOT-published products including scientific findings, journal articles, guidelines, recommendations, or other information authored or co-authored by USDOT or funded partners.
As a repository, ROSA P retains documents in their original published format to ensure public access to scientific information.
i
Risk Valuation and Allocation For Public-Private Partnerships (P3s) [fact sheet]
-
2022-07-18
[PDF-225.41 KB]
Details:
-
Corporate Creators:
-
Contributors:
-
Corporate Contributors:
-
Subject/TRT Terms:
-
Resource Type:
-
Geographical Coverage:
-
Corporate Publisher:
-
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 participates in a long-term contract involving some combination of design, construction, financing, operations, and maintenance, including 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 sharing or 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 be responsible for cost overruns or expenses associated with the occurrence of that risk.
-
Format:
-
Collection(s):
-
Main Document Checksum:
-
Download URL:
-
File Type:
