- The George Mason University Center for Transportation Public-Private Partnership Policy has released a recent six case-study that found surface transportation infrastructure public-private partnership (P3) projects generally met or exceeded the objectives set by their sponsoring public agencies. The study found the major objectives across the six cases to include cost reductions for the public sector and/or faster completion times compared to traditional procurement. The study also identified five major reasons public agencies effectively engaged in P3 delivery approaches. In addition, the report presents suggestions for the public sector to improve P3 outcomes. The full report can be downloaded here. To learn more about the study or to request a briefing, contact Center Director Dr. Jonathan Gifford, at firstname.lastname@example.org
P3 CENTER NEWS
Center Director Presents P3 Evidence Research
Center Research Published in Transport Policy
Research conducted by Center director Dr. Jonathan Gifford and Center affiliates Zhenua Chen, Nobuhiko Daito has been published in the journal Transport Policy: “Socioeconomic impacts of transportation public-private partnerships: A dynamic CGE assessment.” The paper investigates the socioeconomic impacts of transportation infrastructure P3’s using a dynamic computable general equilibrium (CGE) model applied to the U.S. Commonwealth of Virginia’s I-495 Express Lanes project. More information can be found here.
Center Staff Published in Transport Policy
Graduate Research Associate Jeong Yun Kweun, consultant Porter Wheeler, and Center Director Jonathan L. Gifford’s research paper, “Evaluating highway public-private partnerships: Evidence from U.S. value for money studies,” has been published in the journal Transport Policy. The paper examines value for money (VfM) analysis practices in the US highway sector, finding variation between public agencies’ model, risk transfer, and discount rate selections. More information can be found here.
Center GRA Attends AIAI P3 Conference
Center GRA Lauren McCarthy was recently welcomed at the Association for the Improvement of American Infrastructure’s (AIAI) 2017 Public-Private Partnership Conference & Expo as the organization’s first AIAI Scholar. Throughout the conference titled “Where the Public and Private Sector Meet,” Lauren’s experience explored important community engagement issues and provided meaningful contacts with both public and private-sector P3 practitioners. Following her return, Lauren has worked to incorporate her conference insights into the Center’s developing research paper, “The Impact of Political Risks on U.S. Surface Transportation Infrastructure.”