PUBLIC-PRIVATE PARTNERSHIP APPROACHES LEVERAGE SCARCE PUBLIC RESOURCES

Public-private partnerships enable public sponsors of transportation projects to enlist the resources and capabilities of the private sector in the performance of certain functions that were previously handled by the public sector. This can range from contracted services like maintenance to full financing, development, operations, and preservation over the service life of the asset. The variety of PPP approaches continues to evolve and offers increasing choices to better enable state and local transportation agencies to responsibly fulfill their missions. Though not appropriate for all projects, PPPs can benefit many projects, particularly large-scale projects which would not otherwise be able to move forward for many years under traditional financing and delivery approaches.

Exhibit 53 illustrates the critical inputs and desired outcomes for transportation projects delivered through a PPP.

Exhibit 53 - Critical Inputs and Desired Outcomes of Transportation PPPs