Given the impetus for considering PPPs, there are five related questions that should be addressed by project sponsors and prospective private partners before proceeding beyond merely considering PPPs as a delivery option:
1. What legal, political, and institutional framework would enable a state or local government to undertake a PPP program for surface transportation projects? 2. Can or should an individual project be undertaken as a PPP? 3. What kind of PPP approach best suits a project or set of projects? 4. Does the PPP approach offer greater potential public benefits than traditional project delivery approaches? 5. Does the PPP approach provide a reasonable balance between public and private responsibilities, risks, and rewards? 6. Is the PPP approach in the public's overall best interest while meeting private feasibility requirements? |
The remaining sections of this document provide insights to help project sponsors and their prospective private partners answer these questions before deciding whether to commit to a particular PPP approach or contract agreement.