Challenges and Enablers for Private Sector Involvement in Delivery of Highway Public–Private Partnerships in the United States

Abstract

AbstractInvolvement of the private sector in financing and delivery of highway public–private partnerships (P3s) in the United States has experienced various limitations and challenges. The implementation of existing P3 project delivery frameworks by the public sector have neglected the private sector’s interests and have resulted in lack of alignment among public and private sector stakeholder institutions across P3 project planning, procurement, and administration. Further, the public sector’s variability in P3 program maturity and P3 implementation have entangled the emerging U.S. P3 market into a challenging environment. The purpose of this study is to determine and analyze the underpinnings of private sector involvement in U.S. P3s in the following areas: (1) the major issues and challenges faced by private sector stakeholders in the U.S. P3 market due to the variability in public agencies P3 project delivery process and (2) solutions and strategies for enhancing alignment of public and private secto...