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Title:

Public-Private Partnerships in U.S. Transportation Sector: Stakeholder Perceptions

Accession Number:

01519826

Record Type:

Component

Availability:

Transportation Research Board Business Office

500 Fifth Street, NW
Washington, DC 20001 United States

Abstract:

The use of public-private partnerships (PPPs) for transportation infrastructure delivery has increased in the U.S. However, concerns about and opposition to these agreements exist due to a variety of factors. This paper explores the perceptions that a variety of PPP stakeholders have about PPP usage to deliver transportation infrastructure in the U.S., including stakeholders from fields at times overlooked in PPP literature but that are key to these transactions, such as professionals in legal, banking and finance, and concessionaire organizations. The paper reports the main findings from a survey taken by 101 professionals, with responses classified based on different aspects of the respondents’ backgrounds. Results indicate that stakeholders’ perceptions about benefits, barriers, and valuation of PPPs vary depending upon the respondent’s work type, location, and especially whether they had previous experience with PPPs. While this is not surprising, in some cases, such variations in perceptions were unexpected in both type and magnitude. It is understandable that some misperceptions still exist among PPP stakeholders due to various reasons, yet, some responses showed deep misunderstandings, fears, or unrealistic expectations about PPPs. The fact that respondents were targeted because of their assumed familiarity with these transactions is worrisome and it validates recommendations in the literature, as well as from respondents of this survey, to educate decision-makers, staff, and the general public about what PPPs are, why they are needed, and what they can and cannot do.

Supplemental Notes:

This paper was sponsored by TRB committee ABE10(1) Public-Private Partnerships.

Monograph Accession #:

01503729

Report/Paper Numbers:

14-5333

Language:

English

Corporate Authors:

Transportation Research Board

500 Fifth Street, NW
Washington, DC 20001 United States

Authors:

Martinez, Sergio E
Hall, Andrea
Walton, C Michael
Mosebar, Megan

Pagination:

19p

Publication Date:

2014

Conference:

Transportation Research Board 93rd Annual Meeting

Location: Washington DC
Date: 2014-1-12 to 2014-1-16
Sponsors: Transportation Research Board

Media Type:

Digital/other

Features:

Figures; References; Tables

Uncontrolled Terms:

Transportation infrastructure

Geographic Terms:

United States

Subject Areas:

Administration and Management; Finance; Transportation (General); I10: Economics and Administration

Source Data:

Transportation Research Board Annual Meeting 2014 Paper #14-5333

Files:

TRIS, TRB, ATRI

Created Date:

Jan 27 2014 3:52PM