The National Academies Press

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From page 9... ... 9 C h a p t e r 2 This chapter (1) introduces a definition for P3s of all sizes that takes into account both the scope of services and degree of risk transferred to a private sector partner and (2) Read the entire page →
From page 10... ... 10 public transportation Guidebook for Small- and Medium-Sized public-private partnerships (p3s) In this case, the private sector partner is providing a service -- Wi-Fi and wireless service -- to the transit agency's customers, while assuming the risk over the life of the contract that revenues might not be adequate to finance, deliver, operate, and/or maintain the service and associated equipment. Read the entire page →
From page 11... ... Defining p3 Opportunities 11 Large. Capital costs are greater than $150 million or annual O&M costs represent more than 25 percent of the project sponsor's O&M costs. Read the entire page →
From page 12... ... 12 public transportation Guidebook for Small- and Medium-Sized public-private partnerships (p3s) Initiative Complexity The level of complexity reflects legal requirements and/or organizational challenges that make an initiative more difficult to implement and manage. Read the entire page →
From page 13... ... Defining p3 Opportunities 13 Risk Transfer The private developer has agreed to take on the risk of delivering and funding the station (capital and 10 years of O&M costs) , including at least two types of risk transfer. Read the entire page →
From page 14... ... 14 public transportation Guidebook for Small- and Medium-Sized public-private partnerships (p3s) Capital Improvements Operations and Maintenance Real Estate Marketing Agreements Innovative Technology Design Build O&M Concession Joint Development Sponsorship Energy Technology Design Build Finance Transportation Network Companies (TNCs) Read the entire page →
From page 15... ... Defining p3 Opportunities 15 2.3 Capital Improvements Capital improvement P3s may vary in size and include the transfer of some combination of design, construction, finance, and operations and/or maintenance risk to the private sector. While many capital improvement P3 initiatives are large-sized projects, innovative project delivery methods have been implemented for smaller capital projects, such as infill stations, bus facilities, and rail maintenance facilities. Read the entire page →
From page 16... ... 16 public transportation Guidebook for Small- and Medium-Sized public-private partnerships (p3s) Frequently, DB projects are not considered P3s as there is no service provision and the arrangement transfers very little extra risk to the private sector. Read the entire page →
From page 17... ... Defining p3 Opportunities 17 retains ownership of the project. O&M responsibility is specified for the life of the contract. Read the entire page →
From page 18... ... 18 public transportation Guidebook for Small- and Medium-Sized public-private partnerships (p3s) 2.4.2 Transportation Network Companies TNCs provide on-demand transportation by connecting customers to nearby drivers using a smartphone application platform. Read the entire page →
From page 19... ... Defining p3 Opportunities 19 2.5 Real Estate Development Private partners frequently benefit from higher property values that accompany access to public transportation services, a larger customer base as a result of increased foot traffic in the area, and/or increased transportation options for employees and customers. In return for this benefit, private partners may enter into partnerships to advance a transit improvement. Read the entire page →
From page 20... ... 20 public transportation Guidebook for Small- and Medium-Sized public-private partnerships (p3s) 2.5.2 Air Rights The sale of air rights is a type of joint development that gives a private partner the right to develop, occupy, and control the vertical space above a property owned by the transit agency. Read the entire page →
From page 21... ... Defining p3 Opportunities 21 and revenue) Read the entire page →
From page 22... ... 22 public transportation Guidebook for Small- and Medium-Sized public-private partnerships (p3s) Most of the vending and retail concessions P3s include food and beverage services. Read the entire page →
From page 23... ... Defining p3 Opportunities 23 and/or operations risk. The sale of naming rights has been primarily used by transit agencies as a funding mechanism to offset the capital and/or operations costs of the asset. Read the entire page →
From page 24... ... 24 public transportation Guidebook for Small- and Medium-Sized public-private partnerships (p3s) 2.7.1 Energy Savings Sustainability is becoming an increasingly important concern in the public transportation industry. Read the entire page →
From page 25... ... Defining p3 Opportunities 25 2.7.3 Real-Time Information Technology Transit agencies are partnering with private partners to provide real-time transit information and connecting transportation options on mobile applications, business kiosks, street-level kiosks, and in-station displays. Similar to other innovative technology P3s, these partnerships may include significant risk transfer, including installation, operations, and/or maintenance of the technology. Read the entire page →

From page 9...

... 9 C h a p t e r 2 This chapter (1) introduces a definition for P3s of all sizes that takes into account both the scope of services and degree of risk transferred to a private sector partner and (2)