| Title | P3 Toolkit: Risk Valuation and Allocation for Public-Private Partnerships (P3s) |
|---|---|
| Record ID | 74773 |
| Personal Name Contributor |
DeCorla-Souza, Patrick T. |
| Corporate Creator | United States. Department of Transportation. Federal Highway Administration. Office of Innovative Program Delivery |
| Publisher | United States. Department of Transportation. Federal Highway Administration. Office of Innovative Program Delivery |
| Publication Date | 20170101 |
| Language | English |
| Abstract | The use of Public–Private Partnerships (P3s) marks a shift away from traditional ways of procuring and financing highway projects. Under the P3 model, a private partner may participate in some combination of design, construction, financing, operations, and maintenance, including the collection of toll revenues. Under traditional public procurement of highway projects, the public agency retains most of the risks, yet these risks are not usually quantified, nor are their costs always included in the project cost estimates. A key component of P3 procurement involves the transfer of certain risks from the public agency procuring the project to the private sector partner. The concept of “transferring risk” requires that the private partner will be responsible for cost overruns or expenses associated with the occurrence of that risk. |
| Rosap ID | dot:55650 |
| Rosap URL | https://rosap.ntl.bts.gov/view/dot/55650 |
| TRT Terms | Public private partnerships; Infrastructure; Government agencies |
| Geographical Coverage |
United States |
| Resource type | Brief |
| URL | https://ntlrepository.blob.core.windows.net/lib/74000/74700/74773/p3_toolkit_02_riskvalutationandallocation.pdf |
| Format | |
| Database | NTL Digital Repository |