The report defines Public-Private Partnerships (PPPs), discusses various types of PPPs applicable to transit capital projects, and presents the impacts of using PPPs for transit capital projects in terms of costs, benefits, efficiencies, and effectiveness.
Also included in this report are other implications of applying PPPs to transit projects, including risk sharing, technical and operational considerations, cultural and political environment, and public service impacts. The report then examines the legal and institutional issues and impediments to the use of PPPs for transit capital projects and suggests ways to overcome these issues to facilitate greater application of PPPs to the transit industry.
The Appendices to the report provide supporting information, including a summary of the FTA Public-Private Partnership Program (Penta-P) and its key features, eligibility criteria, and application timeframe.
The report was published and transmitted to Congress in December 2007.