Joint Transportation Committee

Public-Private Partnerships Study - Meeting Information & Materials

This study will evaluate public private partnerships and their potential role in financing state transportation projects. The study will focus on five state high way and bridge projects. Its purpose is to educate legislators and others about P3s, to identify the public interest in transportation projects and barriers to implementing P3s in Washington, to develop P3 screening tools and financial models, and to develop a conceptual implementation plan for the State. The study will be overseen by a Policy Workgroup composed of legislators, the State Treasurer, and representatives from WSDOT, the Transportation Commission, the construction trades, and an organization representing general contractors. A Staff Workgroup will provide support.
Budget: $399,944
Consultant: AECOM, KPMG and Nossaman
Schedule: Consultant began work July 1; study to be completed December 16.
JTC Staff: Mary Fleckenstein lead; Gene Baxstrom, back-up
HTC and STC Staff: Beth Redfield, Kelly Simpson and Kim Johnson​


​Past Meetings & Materials:

Presentation to JTC Meeting on December 7, 2011:
P3 Final Presentation  

P3 Policy Workgroup Meeting
December 6, 2011 (10:00 am - 4:00 pm)
Olympia, John A. Cherberg Building
Room: ABC
Agenda
Discussion Materials
DRAFT Financial Results
Financial Model Inputs  

P3 Policy Workgroup Meeting
October 24, 2011
(10:00 am - 4:00 pm)
Olympia, John A. Cherberg Building
Room: ABC  
Discussion Materials, Agenda & Table Top Ex​ercise 
Draft Screening Tool - Columbia River Crossing  
Draft Screening Tool - I405  
Draft Screening Tool - Monroe Bypass  
Draft Screening Tool - SR 167  
Draft Screening Tool - SR 509  

P3 Policy Workgroup Meeting
September 29, 2011 (9:00 am - 4:00 pm)
Olympia, John A. Cherberg Building

Room: ABC
Agenda  
Discussion Materials  
Financial Analysis and Modeling Overview  
DRAFT Screening Tool  

P3 2-Day Workshop
August 2 (10:00 am - 4:00 pm) and August 3 (10:00 am-3:00 pm)
Highline Community College - Building 8 (Student Union)
Mount Constance Room
Directions to Highline Community College 
Agenda    
Day 1 Presentation - AECOM, KPMG & Nossaman 
Day 2 Presentation - AECOM, KPMG & Nossaman  
WSDOT Connecting Washington - Paula Hammond  
WSDOT Projects for Evaluation - Rick Smith  
I-405/SR 167 Project Information Summary  
SR 167 Extension Project Information Summary  
US 2 Monroe Bypass Project Information Summary  
SR 509 Project Information Summary  
Columbia River Crossing Project Information Summary

Presentation to JTC Meeting on July 13, 2011:
P3 Presentation

Staff Workgroup Meetings:

November 9, 2011 (11:00 am - 4:00 pm)
JTC Conference Room - 3309 Capitol Blvd. SW Olympia
Discussion Materials
Financial Model Inputs

October 13, 2011
Agenda
Discussion Materials
Draft Screening Tool

September 15 & 16, 2011
Agendas
Presentation
Financial Modeling 

 

Reference Materials:

          This 106-page handbook provides guidance, counsel and a compilation of best practices to assist state legislators as they consider whether and how to pursue PPPs. 

          In this 38-page report, the Pew Center on the States analyzed the debate in Pennsylvania in 2008 about leasing its turnpike.    The report outlines the key questions policymakers should consider
          in leasing an infrastructure asset, and six lessons states can learn from the Pennsylvania experience.

  • GAO report on Highway Public-Private Partnerships:  More Rigorous Up-Front Analysis Could Better Secure Potential Benefits and Protect the Public Interest (GAO-08-44)

    In February, 2008, the General Accounting Office (GAO) released this 90 page report that reviewed:  (1) the benefits, costs and trade-offs of highway P3s; (2) how public officials have identified and acted to protect the public interest in these arrangements; and (3) the federal role in highway P3s and potential changes in this role.   http://www.gao.gov/new.items/d0844.pdf  
    A 10-page summary of that report is found at this link:  http://www.gao.gov/new.items/d081149r.pdf.  The key findings:  P3s can provide benefits, but also entail costs, risk and trade-offs; and P3s have sought to protect public interest, but the use of public interest criteria is mixed in the US. 

    Public Sector Decision Making for Public-Private Partnerships
    A Synthesis of Highway Practice from the Transportation Research Board, NCHRP Synthesis 391 (2009)
    http://onlinepubs.trb.org/onlinepubs/nchrp/nchrp_syn_391.pdf

          This 139-page report examines current information that is available to properly evaluate the benefits and risks of allowing the private sector to play a greater role in financing and developing  
          highway infrastructure.  Information is divided into three major categories:  project selection and delivery, transparency, and terms of P3 agreements. 
         
Conclusions are listed on p. 39-41, and address three major themes:  how governments decide whether or not to pursue a P3; how the public interest is protected; and how misperceptions
          about P3s can distract from the real issues

This study will evaluate public private partnerships and their potential role in financing state transportation projects. The study will focus on five state high way and bridge projects. Its purpose is to educate legislators and others about P3s, to identify the public interest in transportation projects and barriers to implementing P3s in Washington, to develop P3 screening tools and financial models, and to develop a conceptual implementation plan for the State. The study will be overseen by a Policy Workgroup composed of legislators, the State Treasurer, and representatives from WSDOT, the Transportation Commission, the construction trades, and an organization representing general contractors. A Staff Workgroup will provide support.
Budget: $399,944
Consultant: AECOM, KPMG and Nossaman
Schedule: Consultant began work July 1; study to be completed December 16.
JTC Staff: Mary Fleckenstein lead; Gene Baxstrom, back-up
HTC and STC Staff: Beth Redfield, Kelly Simpson and Kim Johnson