Evaluating the Relative Performance of Public-Private Partnerships and Conventional Project Delivery During Crises

Gifford, Jonathan L.; Casady, Carter Boon; Manganaris, Marina; Lee, Narae; Hurley, Tim; Gao, Caroline

i

Evaluating the Relative Performance of Public-Private Partnerships and Conventional Project Delivery During Crises

2024-09-11
By Gifford, Jonathan L. ; Casady, Carter Boon ; Manganaris, Marina

File Language:

English

Details

Creators:

Gifford, Jonathan L. ; Casady, Carter Boon ; Manganaris, Marina ; Lee, Narae ; Hurley, Tim ; Gao, Caroline
Corporate Creators:

George Mason University. Center for Infrastructure Public-Private Partnership Policy ; Pennsylvania State University. Thomas D. Larson Transportation Institute
Corporate Contributors:

United States. Department of Transportation. University Transportation Centers (UTC) Program ; United States. Department of Transportation. Office of the Assistant Secretary for Research and Technology
Subject/TRT Terms:
Publication/ Report Number:

CAIM-COR-R45
Resource Type:

Tech Report
Geographical Coverage:

Virginia;United States
Edition:

Final Report – 7/1/20 to 6/30/22
Corporate Publisher:

Center for Integrated Asset Management for Multimodal Transportation Infrastructure Systems (CIAMTIS) (UTC)
Abstract:

This research report investigates whether the financial health of transportation projects varies based on their financial structures during times of crisis. Specifically, the study focuses on three projects in Virginia: the Hampton Road Bridge Tunnel (a publicly financed project), the Chesapeake Bay Bridge Tunnel Expansion (a revenue bond project), and Transform 66 Outside the Beltway (a P3 project). Two key indicators were analyzed: credit rating and credit spread. The study found that the credit rating remained stable for all three projects, indicating that the overall creditworthiness and risk assessment of each project, as evaluated by financial institutions, did not change significantly due to the crisis. However, the credit spread analysis, while initially promising, were not sufficiently robust due to shed light on the research questions.
Format:

PDF
Funding:

69A3551847103
Download URL:

https://rosap.ntl.bts.gov/view/dot/77772/dot_77772_DS1.pdf
File Type:

[PDF - 912.74 KB]
Collection(s):

University Transportation Centers
Main Document Checksum:

urn:sha-512:aea20dbf592ad1b457e5f46f08c8eb5f289aec58ef194494ad2c2e0f309e8091c2edff40313b6f4b3c07c500e84b8a5bccc26603aa3867c6837c6173ea12df72

File Language:

English

ON THIS PAGE

Details

Found an issue?

Send us an email at:

publishinghd@cdc.gov

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.