Private Financing of Public Transportation Infrastructure

Utilizing Public-Private Partnerships

Edited by Wendell C. Lawther and Lawrence L. Martin

This book discusses a unique combination of best practices and lessons learned, including evaluation and transparency issues not found elsewhere in other texts. Given that P3s are evolving and changing, it contains the most up to date information and review of relevant sources. Other topics that have become more important are reviewed, including the value of benefit cost analysis and the appropriate discount rate to use for value for money analysis. Practices and policies are discussed throughout, highlighting efforts that could lead to successful outcomes. Although transparency is an issue discussed by many, this research indicates that greater transparency would lead to more publicly accepted P3s and ensure greater success.

Given recent national news coverage of relevant topics, such as the Highway Trust Fund “running out of money," President Obama’s call for an infrastructure fund, and increasing Congressional interest and testimony, the content of this book is timely. A concurrent theme commonly addressed by other books and commentaries is the complexity of the topic and the lack of understanding of P3s. This research identifies practices and procedures that are innovative and “cutting edge.” Many of the best practices identified are not uniformly adopted by all officials wishing to create P3s. The analysis does not simply describe these practices, but provides insights into the potential advantages of adoption.

Experiences in the United States as well as selected international efforts provide a wide range of potential sources from which to draw upon. This book provides a series of case studies and examples, including one chapter devoted to ten studies that were written by several internationally known authors. References to actual experiences are found throughout almost all of the chapters. These case studies reinforce and illustrate relevant points made throughout.

Lexington Books

Pages: 294 • Trim: 6¼ x 9½

978-1-4985-0416-4 • Hardback • October 2015 • $133.00 • (£102.00)

978-1-4985-0418-8 • Paperback • April 2019 • $50.99 • (£39.00)

978-1-4985-0417-1 • eBook • October 2015 • $48.00 • (£37.00)

Subjects: Political Science / Public Policy / City Planning & Urban Development, Political Science / Public Affairs & Administration

Private Financing of Public Transportation Infrastructure

Utilizing Public-Private Partnerships

Hardback

Paperback

eBook

Summary

This book discusses a unique combination of best practices and lessons learned, including evaluation and transparency issues not found elsewhere in other texts. Given that P3s are evolving and changing, it contains the most up to date information and review of relevant sources. Other topics that have become more important are reviewed, including the value of benefit cost analysis and the appropriate discount rate to use for value for money analysis. Practices and policies are discussed throughout, highlighting efforts that could lead to successful outcomes. Although transparency is an issue discussed by many, this research indicates that greater transparency would lead to more publicly accepted P3s and ensure greater success.

Given recent national news coverage of relevant topics, such as the Highway Trust Fund “running out of money," President Obama’s call for an infrastructure fund, and increasing Congressional interest and testimony, the content of this book is timely. A concurrent theme commonly addressed by other books and commentaries is the complexity of the topic and the lack of understanding of P3s. This research identifies practices and procedures that are innovative and “cutting edge.” Many of the best practices identified are not uniformly adopted by all officials wishing to create P3s. The analysis does not simply describe these practices, but provides insights into the potential advantages of adoption.

Experiences in the United States as well as selected international efforts provide a wide range of potential sources from which to draw upon. This book provides a series of case studies and examples, including one chapter devoted to ten studies that were written by several internationally known authors. References to actual experiences are found throughout almost all of the chapters. These case studies reinforce and illustrate relevant points made throughout.

Details

Lexington Books

Pages: 294 • Trim: 6¼ x 9½

978-1-4985-0416-4 • Hardback • October 2015 • $133.00 • (£102.00)

978-1-4985-0418-8 • Paperback • April 2019 • $50.99 • (£39.00)

978-1-4985-0417-1 • eBook • October 2015 • $48.00 • (£37.00)

Subjects: Political Science / Public Policy / City Planning & Urban Development, Political Science / Public Affairs & Administration

Author

Wendell C. Lawther is an associate professor of public administration at the University of Central Florida.

Lawrence L. Martin is a professor of public affairs at the University of Central Florida.

Table of Contents

Private Financing of Public Transportation Infrastructure: Utilizing Public-Private Partnerships

TABLE OF CONTENTS
Chapter One: An Introduction to Private Sector Financing of Transportation Infrastructure
Wendell C. Lawther and Lawrence L. Martin
Chapter Two: Transportation Infrastructure Financing Public Private Partnerships (P3): What are They? How do They Work?
Lawrence L. Martin
Chapter Three: State Enabling Legislation for Public Private Partnerships
Lawrence L. Martin and Joseph Saviak
Chapter Four: Internationally Recommended Best Practices & Promising Practices in Transportation Infrastructure Financing Public Private Partnerships

Lawrence L. Martin, Wendell C. Lawther, Graeme A. Hodge and Carsten Greve
Chapter Five: Case Studies in Transportation Infrastructure Financing Public Private Partnerships
Lawrence L. Martin and Wendell C. Lawther
1. Melbourne CityLink (Australia)—Graeme Hodge
2. Sidney Cross City Tunnel (Australia)—Graeme Hodge
3. Melbourne EastLink (Australia)—Graeme Hodge
4. Irish Road Projects 2005 – 2010 (Ireland)—Carsten Greve
5. London Underground Railroad (Subway) & the UK Experience (United Kingdom)—Carsten Greve
6. Ontario 407 Expressway Toll Road (Canada)—Lawrence L. Martin
7. Indiana Toll Road (United States)—Lawrence L. Martin
8. Kliplev-Søndeborg Motorway (Denmark)—Carsten Greve
9. N3 Toll Route Concession (South Africa)—Neil Tolmie and Wendell C. Lawther
10. Sea to Sky Highway (Canada)—Wendell C. Lawther
Chapter Six: Evaluation of Public-Private Partnerships for Transportation Infrastructure Financing: Process & Goal Achievement

Wendell C. Lawther

Chapter Seven:Public Private Partnerships: Transparency and Accountability Issues
Wendell C. Lawther

Chapter Eight: The Role of the Private Sector in Effectively Educating Policymakers and the Public about Transportation P3s: Insights from Florida Leaders
Joseph Saviak

Chapter Nine: Avoiding Public Private Partnership Failure: Linking Transportation Infrastructure with Economic Development
Owen M. Beitsch and Wendell C. Lawther

Chapter Ten: Concluding Thoughts and Questions

Wendell C. Lawther

Appendix: Tools for use in Public-Private Partnerships for Transportation Infrastructure Financing
Lawrence L. Martin and Wendell C. Lawther