Synthesis of Public-Private Partnerships: Potential Issues and Best Practices for Program and Project Implementation and Administration

摘要: Public-private partnerships (P3s or PPPs) offer an innovative procurement method for the public sector. P3s involve collaborations between and private sectors to finance, develop maintain transportation infrastructure. In era of shrinking budgets increased demand infrastructure, Kentucky Transportation Cabinet (KYTC) can analyze experiences in other states determine a best path forward on issue P3s. During 2014 regular legislative session, General Assembly passed House Bill (HB) 407, which would empower KYTC through Public Infrastructure Authority (KPTIA), fund projects P3 agreements. The governor eventually vetoed bill. current 2015 is considering HB 443, authorize Kentucky. objective this study examine benefits drawbacks using P3s, trends past performance state infrastructure projects, common statutes relating team reviewed literature that broadly related privatization. Then they defined according parameters laid out by Federal Highways Administration (FHWA). This report contains: 1) guidance practices be used help ensure successful implementation, 2) case studies describe lessons learned, 3) list factors policymakers should consider as deliberate whether option specific projects. research conclusively demonstrated have become more widely United States recent years. Policymakers must thoughtfully weigh risks before approving If moves ahead with program, future geared toward studying gathering learned.