The latest surface transportation bill, “Moving Ahead for Progress in the 21st Century (MAP-21)” required that the U.S. Department of Transportation (DOT) and the Federal Highway Administration (FHWA) develop public-private partnership (P3) transaction model contracts for the most popular type of P3s for transportation project.
Q: When were public-private partnerships fist used in the United States?
A: The first turnpike was chartered in 1972 and became known as the Philadelphia and Lancaster Turnpike in Pennsylvania.
Source: Federal Highway Administration
This led to the development of the “Core Toll Concession Model Contract Guide,” published by the FHWA on Feb. 6, 2014. After public comments, the agency published a revised guide that reflected the public commentary. Additional draft guides are also expected for publication, with the latest, “Model Public-Private Partnership Core Toll Concession Contract Guide,” at publication guide published on Sept. 10. (For a downloadable PDF of the “Model Public-Private Partnership Core Toll Concession Contract Guide,” click here.
Source: Federal Highway Administration Office of Innovative Program Delivery Program Development Team
