Evaluation of progress in contractual terms: Two case studies of recent DBFO PPP projects in North America |
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| Authors: | Hiroyuki Iseki Rebecca Houtman |
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| Institution: | 1. National Center for Smart Growth Research and Education, School of Architecture, Planning and Preservation, University of Maryland, College Park, MD 20742, USA;2. University of New Orleans, 368 Milneburg Hall, 2000 Lakeshore Dr., New Orleans, LA 70148, USA |
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| Abstract: | With continuous demand for transportation infrastructure and chronic funding shortfalls, public-private partnerships (PPPs) for infrastructure provision have garnered attention in recent years in the U.S. and abroad. High profile concession deals in Chicago and Indiana have raised concerns about the protection of public interests in PPPs. Such concerns have ignited heated debates, partly driven by ideology and vested interests, but also by questionable decisions made previously. While public agencies at all levels are interested in identifying successful PPP arrangements, the variety and complexity of PPP deals, combined with local factors unique to each project, make the development of a universal evaluation framework practically infeasible. |
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| Keywords: | Public-private partnerships Highway financing Design-build-operate-finance Infrastructure |
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