Pennsylvania's experience illuminated the central questions for all states: what do policy makers need to know to make an informed decision on a public-private partnership? Do they have all the information and answers they need? The key questions involved in leasing an infrastructure asset fall into four main categories:
1. The decision-making process. States should carefully and thoroughly examine all of their options to generate funds for infrastructure, including, but not limited to, public-private partnerships.
2. The deal-making process. If a state decides that pursuing such a partnership makes sense, it must ensure that the deal-making process is as transparent as possible, that the public's long-term economic, environmental and transportation interests are considered, and that policy makers have all of the data and nonpartisan analysis they need to make a well-informed decision.
3. The financial analysis. The state must use realistic financial assumptions to assess whether the potential deal is sound. It also must develop and articulate a sound plan for how the proceeds will be invested or spent.
4. Oversight and management of a long-term partnership. Finally, the state must consider how it will ensure the public is protected and the private operator continues to meet its obligations in a deal that could stretch over decades.