Public-Private Partnerships (P3s) for Transportation Infrastructure
It's indisputable that our nation's transportation infrastructure needs are overwhelming. Roads and bridges are in disrepair, public transportation systems are overloaded and the U.S. Census estimates that our population will grow by 100 million people by the year 2050. New sources of funds and new methods of financing are desperately needed to meet expected demands.
Many transportation agencies throughout the world are exploring the creative use of private sector participation in the delivery of new projects and the maintenance and operation of existing facilities and services. In particular, the public-private partnership (P3) model is increasingly used to supplement and help leverage public funding. This approach is based on a partnership between government and the private sector that results in potential acceleration of project delivery, more streamlined and efficient operation and often substantial long-term reduction of public expenditure on infrastructure.
We have the expertise and experience to help you understand the risks, misconceptions and benefits of this increasingly popular delivery method. If you have questions about P3 project implementation or are looking for a partner to help deliver a P3 project, our teams can help you determine the right approach for your needs and manage your project to achieve a positive outcome. In addition to providing planning, design and consulting services on P3 projects, we offer the following specialized services:
- Assessment of optimal project delivery methods
- P3 feasibility studies
- Value for money analysis
- Business cases, market assessments and economic analysis
- P3 concept planning, testing and public service comparator
- Deal structuring and developer solicitations
- Proposal evaluations and contract negotiations
- P3 program management