01771571

Monograph

http://www.trb.org/Main/Blurbs/181942.aspx

Public−private partnerships (P3) allow public transportation agencies to attract private financing to deliver needed highway infrastructure and not have to wait until the required funding is fully in place via traditional state and federal sources. Additionally, P3s furnish a means to not only design and build a project but also to operate and maintain it. However, when post-construction operation and maintenance are added to the procurement, traditional project delivery methods have to be recalibrated. The objective of this synthesis was to document key performance metrics used in various long-term P3 contracts for the delivery of highway projects, including services by state departments of transportation (DOTs). Information was gathered through a literature review, a content analysis of performance metrics and handback criteria found in agreements from 18 P3 projects in nine states, a survey of 26 DOTs known to have the authority to use P3 in some form, and follow-up interviews with selected agencies. Six case examples provide additional information on the performance metrics used in P3 highway projects.

NCHRP Project 20-05, Topic 51-19

English

119p

2021

NCHRP Synthesis of Highway Practice

9780309673921

Digital/other

Appendices; Figures; Glossary; References; Tables

Case studies; Construction projects; Financing; Interviewing; Literature reviews; Metrics (Quantitative assessment); Public private partnerships; Road construction; State departments of transportation; Surveys

Construction; Finance; Highways

TRIS, TRB, ATRI

May 6 2021 9:49AM