Public Private Partnerships
Public-Private Partnership (PPP) is a funding model for public
infrastructure projects. As the demand for funding
public sector projects escalates, public funding resources are
struggling to keep pace with the needs of the nation's
infrastructure improvements. The PPP model provides a
valuable mechanism to infrastructure owners as a method that will
allow them to continue making improvements to the nation's
infrastructure. The public partner is represented by the government
at a local, state and/or national level. The private partner can be
a privately-owned business, public corporation or consortium of
business entities with a specific area of expertise. The Federal
Highway Administration encourages the use of public-private
partnerships in the development of transportation improvements.
JMT also encourages the use of PPP and provides the requisite
professional design services that ensure innovation, imagination,
efficiency and ingenuity, which are considered when addressing
complex transportation problems. These ideals are paramount
to creating long lasting and efficient PPP projects that generate
the anticipated revenue while minimizing maintenance
requirements.