Funding Source: Region II University Transportation Research Center
Abstract: Public-private partnerships (PPPs) in transportation and infrastructure systems engineering refer to contractual agreements formed between a public agency and a private sector entity to allow for greater private sector participation in project delivery. At the current time, most agencies do not have a set of straightforward guidelines by which they decide whether to adopt PPP for a given project, and if to adopt one, which type of PPP should be adopted. Before such a decision can be made in an informed manner, the agency needs to develop and implement a PPP evaluation and decision-support framework that will incorporate the PPP costs and benefits for the different types of highway construction, preservation, or operation. These costs and benefits include the agency costs and user costs incurred at the time of the project as well as the risk costs borne by the agency. To that end, this study develops a PPP evaluation and decision support framework that Roadway Agencies can use to decide whether to adopt a PPP for a given project, and if affirmative, what type of PPP to adopt, such that there is maximum benefit to the Agency.