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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 …