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Key complex issues impacting public private partnerships for transportation renewal projects in the United States

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dc.contributor.authorChhun, Sereyrithy, author
dc.contributor.authorStrong, Kelly C., advisor
dc.contributor.authorOzbek, Mehmet E., committee member
dc.contributor.authorGrigg, Neil S., committee member
dc.date.accessioned2007-01-03T06:37:25Z
dc.date.available2007-01-03T06:37:25Z
dc.date.issued2014
dc.description.abstractHighways have become a symbol of modern America (Levinson, 2004), and infrastructure investment plays a pivotal role both in short-term and long-term economic growth and in job creation. In the US, it represents 16% of the gross national product, and every dollar of public investment in highways has a net rate of return of 22 cents, and every billion dollars of federal highway investment generates 47,500 jobs (AASHTO 2003). In response to the inabilities to raise government revenues in the US, aging infrastructure systems, and high construction and O/M costs, infrastructure development has steadily become a collaboration work between the public and private sector. In liberalized infrastructure markets, various governance structures are being tested for application of public-private partnerships (PPPs or P3s) strategies in infrastructure development (Estache, 2004). This thesis aims to review the key complex PPP issues in transportation renewal projects in the US that adopt PPPs. While PPPs can be applied to a range of agreements, the PPP projects to be studied and analyzed in this paper will be limited to those involving complex financing, design, construction and long-term operation and maintenance of transportation infrastructure of at least 10 years. These issues are examined in the context of six case studies in six different state across the US by means of interview and archival record. Findings resulting from this work suggested that PPPs have been increasingly implemented by departments of transportation in the US as a mean to tape into private resources. In addition, this research identified four key complex PPP issues in transportation projects as such Economic issue, Procurement issue, Risk Issue, and Governance issue. States have established a dedicated organizational unit to facilitate the use of PPPs, for example High Performance Enterprise (HPTE) in Colorado and Innovative Project Delivery Division in Virginia, but there exist no standards or best practices in the United States for procurement, concession terms, or risk-sharing.
dc.format.mediumborn digital
dc.format.mediummasters theses
dc.identifierChhun_colostate_0053N_12585.pdf
dc.identifier.urihttp://hdl.handle.net/10217/83882
dc.languageEnglish
dc.language.isoeng
dc.publisherColorado State University. Libraries
dc.relation.ispartof2000-2019
dc.rightsCopyright and other restrictions may apply. User is responsible for compliance with all applicable laws. For information about copyright law, please see https://libguides.colostate.edu/copyright.
dc.subjectcase study
dc.subjectcomplex issues
dc.subjectgovernance
dc.subjectPPPs
dc.subjecttransportation
dc.subjectU.S.
dc.titleKey complex issues impacting public private partnerships for transportation renewal projects in the United States
dc.typeText
dcterms.rights.dplaThis Item is protected by copyright and/or related rights (https://rightsstatements.org/vocab/InC/1.0/). You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s).
thesis.degree.disciplineConstruction Management
thesis.degree.grantorColorado State University
thesis.degree.levelMasters
thesis.degree.nameMaster of Science (M.S.)

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