Public Policy Commons^™

Reducing Risk In Public-Private Partnership Contracts: Two Examples From Highway Tolling Projects, Martin Mayer, Juita-Elena Wie Yusuf, Lenahan L. O'Connell

School of Public Service Faculty Publications

In an effort to address financial constraints and environmental concerns states have increasingly turned to a combination of un-tolled (HOV) and tolled (HOT) lanes. Public-private partnerships (3Ps) are a popular mechanism for this more sustainable approach to highway infrastructure that couples environmental sustainability (efficient utilization of existing lanes, less congestion) with financial sustainability (private investment). This chapter offers an approach to 3P contract writing for HOV/HOT facilities that is structured by a stakeholder analysis of actors in the project accountability environment. By analyzing two Virginia 3P highway projects, the chapter shows it is possible to build into a contract a …

Privatizing Transportation Through Public-Private Partnerships: Definitions, Models, And Issues, Juita-Elena (Wie) Yusuf, Candice Y. Wallace, Merl Hackbart

School of Public Service Faculty Publications

While contracting out has been the predominant method of privatization, there has been greater emphasis in recent times on using public-private partnerships (sometimes referred to as PPPs or P3s) instead. These public-private partnerships differ from contracting out, as they are characterized more by "a commitment between public and private actors ... in which partners develop products together and share risks, costs, and revenues" (Klijn & Teisman 2000, p. 85).

In the transportation arena the focus on public-private partnerships has resulted from both the need for greater reliance on private capital to fund critical infrastructure and services and the need to …