Financial Structuring of Public-Private Partnership (P3) Concessions [fact sheet]

Details

• Corporate Creators:
  United States. Federal Highway Administration
• Contributors:
  DeCorla-Souza, Patrick
• Corporate Contributors:
  United States. Federal Highway Administration. Center for Innovative Finance Support
• Subject/TRT Terms:
  Contract Administration Design Build Construction Infrastructure Project Management Public Private Partnerships
• Resource Type:
  Brief
• Geographical Coverage:
  United States
• Corporate Publisher:
  United States. Department of Transportation. Federal Highway Administration
• Abstract:
  Under a Public-Private Partnership (P3) for construction of highway projects, a private partner participates in a long-term contract with a public agency involving some combination of design, construction, financing, operations, and maintenance, including collection of toll revenues. A long-term contract involving financing is a form of highway P3 called a "concession." A concessionaire invests its own funds (known as "equity") and borrows additional funds to pay for construction of a highway project. The concessionaire then 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.
• Format:
  PDF
• Collection(s):
  Federal Highway Administration
• Main Document Checksum:
  urn:sha-512:23762f7c610a9d4d32ab5745ecaeb36287b1926e5bdf5821de7e7f279710535abbcc478cfee667cbdb9dafa859d60299e47a523974002577ced8fcf2d1c798fa
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/64173/dot_64173_DS1.pdf
• File Type:
  [PDF - 410.81 KB ]