TR news · 1998 · 10 citations · 0 references
Public AffairsPublic AdministrationPublic ManagementInfrastructure FinanceProject FinancePublic InvestmentCross-sector PartnershipsPartnership DevelopmentPrivate Sector RolesPublic-private Partnership FinancePublic-private PartnershipsStrategic PartnershipsHighway EngineeringNet Benefit AnalysisPartnership FinancingPublic-private CollaborationPublic-private Partnership DevelopmentPublic-private Partnership InvestmentPublic-private Partnerships In TransportationRail Public-private Partnerships
An opportunity within public-private partnerships is the development of a real equity partnership approach. This approach cannot be used for all or even most projects, but it can be applied for some and often for larger projects. Under this approach, the public and private sectors share in both the risks and profits of the project over the long haul. This article takes an in-depth look at the potential for public-private partnerships to play a greater role in financing and operating the U.S. highway system. The discussion covers risk and return, factors that enable private firms to deliver services less expensively or provide greater net benefit than public entities, the role that the public sector should play, and overcoming obstacles to private involvement.