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House Transportation and Infrastructure Committee begins P3 panel roundtables

from NSPS

The House Transportation and Infrastructure Committee's special Public-Private Partnership (P3) Panel has begun roundtable sessions on the role and impact P3s have in transportation projects and funding agreements. This first panel evaluated what circumstances P3s can help to advance infrastructure projects, across types of projects and modes; examined the long-term advantages and disadvantages of different P3 structures, including the range of involvement, scope of responsibility, and degree of risk assumed by the private sector in the project; explored challenges that states and public sponsors experienced in developing P3 contractual agreements; and gained insight into what the private sector looks for when investing in infrastructure projects. Among the examples of projects were the Presidio Parkway (CA), Purple Line (MD), Ohio River Bridges (OH & IN), Pocahontas Parkway (VA), Midtown Tunnels (VA), Indiana Toll Road (IN), Denver Eagle Project (CO), and the Capital Beltway High Occupancy Toll (HOT) Lanes (VA). more

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