United States Department of Transportation
i
Public-Private Partnerships in California: Phase II Report: Section II: Criteria for Evaluating P3 Projects
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2012-01-01
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[PDF-1.25 MB]
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Edition:Phase II Report: Section II
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Abstract:In this section of our report we develop criteria for evaluating the potential for a project to be delivered as a P3. We started by researching past attempts at P3 evaluation. We found no published research that offers a list of criteria for predicting the success of a proposed P3. Therefore, we reviewed studies of P3s and, developed a framework for evaluating P3s' potential for success. Using data from 100 P3 projects, we apply our framework to identify the attributes present in successful P3 projects. While we attempt to tease out the common attributes of successful P3s, the presence of said attributes in planned P3s will not necessarily induce nor predict success. We hope that our research will become part of a broader tool kit that public sponsors and private partners can use to evaluate potential projects' suitability as P3s.
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