National Academies Press: OpenBook

Leveraging Private Capital for Infrastructure Renewal (2019)

Chapter: Appendix B - List of Entities Interviewed

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Page 64
Suggested Citation:"Appendix B - List of Entities Interviewed." National Academies of Sciences, Engineering, and Medicine. 2019. Leveraging Private Capital for Infrastructure Renewal. Washington, DC: The National Academies Press. doi: 10.17226/25561.
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Page 64

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64 List of Entities Interviewed A P P E N D I X B Representatives from the following agencies were interviewed for this synthesis: • California Department of Transportation (Caltrans) P3 Office • Colorado High Performance Transportation Enterprise (HPTE) • Florida Department of Transportation (FDOT) Project Finance Office • North Carolina Department of Transportation (NCDOT) P3 Office • Ohio Department of Transportation (ODOT) P3 Office • Pennsylvania Department of Transportation (PennDOT) P3 Office • Port Authority of New York and New Jersey (PANYNJ) • Texas Department of Transportation (TxDOT) P3 Office • Virginia Department of Transportation (VDOT) Office of Public–Private Partnerships

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Public–private partnerships (P3s) can provide solutions to the project delivery challenges faced by state departments of transportation (DOTs) and local transportation agencies in delivering surface transportation infrastructure by aligning risks and rewards between public and private sectors, accelerating project delivery, improving operations and asset management, realizing construction and operational cost savings, and attracting private-sector equity investment.

P3s are becoming an increasingly important option for financing and implementing critical improvements to U.S. surface transportation infrastructure. As interest in P3s grows, U.S. transportation agencies and stakeholders evaluating the potential benefits of P3s have raised issues relating to the role of private equity in these transactions.

Recognizing the complexity and challenges of structuring a highway or bridge P3 compared to a conventional procurement, the objective of NCHRP Synthesis 540: Leveraging Private Capital for Infrastructure Renewal is to bridge the knowledge gap on the role of equity in surface transportation P3 projects and to document current practices relating to private-equity investments in small-scale and large-scale transportation infrastructure projects.

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