The purpose of this report is to promote greater understanding of the role institutional factors (including statutory, regulatory, financial, organizational, procedural, and cultural) play in facilitating or impeding the formation and successfully implementation of public-private partnerships and to identify effective strategies for overcoming institutional impediments and facilitating successful PPP development and implementation, based on the experience of a number of successful international PPP projects. To accomplish this purpose, the following study activities were performed by the study team:
• Conduct a literature review to characterize the types and implications of various institutional factors that significantly impact the potential for successful implementation of transportation PPPs;
• Develop and execute a study plan to collect secondary and direct information on the major institutional issues that confronted successfully implemented PPPs for transportation projects in other countries;
• Develop a series of case studies and brief cameos of PPPs projects that characterize international transportation project PPPs by facility type and contract type, describe their institutional challenges, and identify strategies to effectively overcome these impediments to successful PPP implementation; and
• Synthesize and document relevant study findings for inclusion in a guidebook to help prospective sponsors and participants in PPPs understand the institutional context for transportation projects, the institutional issues that can undermine formation or implementation of PPPs, and ways to deal with or overcome these impediments based on best practices cited from PPPs successfully implemented in the U.S. and other countries.