Major Legal Issues for Highway Public-Private Partnerships (2009) / Chapter Skim
Currently Skimming:
Pages 4-8
The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.
From page 4... ...
4 Common legal issues are associated with the implementation of public–private highways. As of July 2008, 23 states have legislation authorizing PPPs.
|
From page 5... ...
5 tially, and the public sector retains responsibility for operating and maintaining the infrastructure. The potential advantages of this conventional procurement approach are numerous.
|
From page 6... ...
6 highways by offering incentives for early completion and assessing penalties for late completion.7 A+B contracting shifts the risk of failing to meet project deadlines to the private contractor. One related technique that is designed to expedite project completion and minimize road user impacts is the practice of assessing "lane rental" fees against the contractor for every traffic lane that needs to be taken out of service during construction on an existing facility.
|
From page 7... ...
7 party based on the facility's availability and level of service achieved for operations and maintenance. In this case, the public entity normally accepts the revenue risk and may provide some level of initial funding to offset capital requirements.
|
From page 8... ...
8 b) Private Activity Bonds.20 -- A private activity bond is a form of tax-exempt bond financing that can be issued by or on behalf of state or local governments to provide special financing benefits for qualified projects.
|
Key Terms
This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More
information on Chapter Skim is available.