States will want to carefully assess financial goals, an asset's value and how to spend any proceeds.
PPPs are complex deals with many implications, but, as the recent Pew analysis points out, "the money usually grabs the headlines"201-especially in the case of a brownfield concession worth billions of dollars. Even for other, less dramatic PPPs, careful assessment of the financial issues is important to protect the public interest and ensure a fair deal. Legislators will deliberate these issues when making decisions about whether the state is to pursue PPPs and when crafting policy; executive agencies will consider them during project evaluation, selection and procurement. Key concerns explored below include the state's financial goals and how to achieve them, estimated revenue, the value of an asset and-for brownfield concessions or design-build-finance-operate (DBFO) toll-roads (see Glossary)-how to spend the proceeds. In cases where the state commits to ongoing payments to a private partner, consideration also must be given to how those payments will be supported over the duration of the contract.