Dec 08, 2015
From the Government Institute
Managed lane projects have become an important tool for addressing congestion on the nation’s highway system. These projects incorporate the construction of new highways or converting existing lanes to enhance traffic management. Historically, these projects have been developed by public sector entities using design-bid-build procurement. Recently, a lack of public funding and other factors have led many jurisdictions to consider public-private partnerships (“PPP”) for these projects. Managing these PPP projects requires parties to meet unique public policy objectives, deliver value for taxpayers and toll customers, and meet the financial requirements of developers and investors.
This white paper details the most common success factors to delivering a managed lanes project as a PPP.