This report responds to a requirement contained in 49 U.S.C. 5309(c)(6), which was enacted on August 10, 2005 as part of the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU) and is intended to identify and examine the costs, benefits, and efficiencies of applying PPP delivery approaches to transit projects. The report is intended to provide greater understanding of PPPs and their relative advantages for expediting public transit capital projects and improving service delivery.