Category: Current News

Center GRA presents at IRF

Center GRA Lisardo Bolaños presented “Renegotiations & Bankruptcies in
U.S. surface transportation P3s” at the International Road Federation’s Public Private Partnership Workshop
Washington D.C., in April 2018. The presentation details the main lessons from the U.S. Experience. A framework is presented to understand bankruptcies and negotiations, and presents four drivers of renegotiation: opportunism, contract complexity, exogenous changes, and the Winner’s curse. The presentation is available here.

Center Researcher Presents at TRF

Lauren N. McCarthy, Program Manager and Researcher at the Center, presented “Stages of U.S. P3 Surface Transportation Infrastructure” authored by Lauren N. McCarthy. Lisardo Bolaños, Vinh Mai, and Jonathan Gifford at the Transportation Research Forum on April 10, 2018 in Minneapolis, Minnesota. The research analyzes recent transportation infrastructure projects delivered using public-private partnership (P3) approaches to examine how procurement stages and their duration affects if the project will be delivered. First, the research developed a P3 transportation project database, collecting information from multiple sources, including the Federal Highway Administration, state transportation agencies, private sector websites, and journalistic accounts. Second, significance testing is then employed to evaluate common questions surrounding P3 procurements.

Center Director and Staff Attends Blueprint 2025 Leadership Forum

Center Director Jonathan Gifford, Center Staff Lauren N. McCarthy, Lisardo Bolaños, and Visiting Scholar Motoki Murayama attended the Blueprint 2025 Leadership Forum on Thursday, April 26, 2018. Vinh The Mai, former research associate with the Center, and current researcher with CG/LA is pictured here with Dr. Gifford. A bipartisan coalition, Blueprint 2025 mission is to identify and promote increased infrastructure investment in the United States.

Annual P3 Conference Postponed

It is with regrets the Center announces the postponement of the annual P3 Conference, originally scheduled for April 25, 2018. The conference is to be rescheduled for the fall of 2018. Please stay tuned for further information.

Center Director Presents P3 Evidence Research

On June 12, 2017 Center Director Dr. Jonathan Gifford spoke at the Association for the Improvement of American Infrastructure’s (AIAI) 2017 Annual Members Meeting, presenting the Center’s “P3 Evidence” research project as part of the program’s University Collaboration session.

The project explores P3 sponsor objectives and corresponding project outcomes, and Dr. Gifford outlined the research methodology, case study findings, evidence base, and next steps for future research.

The presentation materials can be found here.

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,” Chen, Zhenhua, Nobuhiko Daito, Jonathan L. Gifford. 2017. Transport Policy. 58, 80-87

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.

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