Public-Private Partnerships (P3s) in Transportation
William J. Mallett
Abstract
William J. Mallett
Abstract
This report discusses the benefits and limitations of public-private partnerships (P3s) that involve long-term private financing, the experience with these types of P3s in the United States, and current federal policy. The report outlines a number of issues and policy options that Congress might consider: project evaluation and transparency, asset recycling, incentive grants, infrastructure banks, tax credits for equity and debt, Interstate highway tolling, and changes to an existing federal loan program.
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This report discusses the benefits and limitations of public-private partnerships (P3s) that involve long-term private financing, the experience with these types of P3s in the United States, and current federal policy. The report outlines a number of issues and policy options that Congress might consider: project evaluation and transparency, asset recycling, incentive grants, infrastructure banks, tax credits for equity and debt, Interstate highway tolling, and changes to an existing federal loan program.
Key concepts: Business, Public administration, Political science