1、 https:/crsreports.congress.gov September 19, 2017Risks and Rewards of Transportation Public-Private Partnerships (P3s), with Lessons from Texas and IndianaA public-private partnership (P3) is a contractual arrangement between a public agency and a private company for the company to assume substanti
2、al responsibility for some or all of the planning, design, financing, construction, operation, and maintenance of a transportation facility. P3s have been used for highways, airports, transit systems, and other types of facilities. Statements by the Trump Administration have indicated that P3s will
3、be an important part of a forthcoming infrastructure initiative. There are many arrangements P3s can take, but the two most often discussed are the following: Design-Build-Finance-Operate-Maintain (DBFOM), in which the private sector takes on most facets of constructing, operating, and maintaining a
4、 new facility, including the up-front costs. The private-sector partner is repaid by facility users through fares or tolls, or by availability payments from a state or local government agency over the life of a contract. Long-term lease agreements, under which the private party undertakes to run an
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