Ex-Post Value for Money Analysis of Public Private Partnerships in Freight Transportation Infrastructure

Transportation agencies are increasingly embracing Public Private Partnerships (P3s) as an innovative means to deliver transportation projects. While the list of potential P3 benefits is vast, there is little empirical evidence about the actual effectiveness of transportation P3s. The goal of this research is to develop an ex-post value for money analysis framework and perform empirical analysis of P3s compared to conventional project delivery. The project proposes to perform a longitudinal study of three unique projects in which both traditional and P3 method are used. The longitudinal study will be complemented with a cross-sectional data analysis of more than 100 mega transportation projects procured for the past 10 years. It is anticipated that the analysis will provide insightful findings about whether, when, and why a P3 delivers value for money. It is anticipated that the research will provide policy implications concerning the use of P3s in transportation investment spanning all modes. The ex-post value for money analysis framework has practical applicability for transportation agencies to monitor and evaluate their P3 operations.

• Record URL:
  http://ntc.umd.edu/node/79
• Supplemental Notes:
  • MDSHA account #4304750 SFCTA account #432153

Language

• English

Project

• Status: Completed
• Funding: $150000.00
• Contract Numbers:

  DTRT13-G-UTC30

• Sponsor Organizations:

  Research and Innovative Technology Administration

  University Transportation Centers Program
  1200 New Jersey Avenue, SE
  Washington, DC  United States  20590
• Project Managers:

  Zhang, Lei

• Performing Organizations:

  University of Maryland, College Park

  Department of Civil and Environmental Engineering
  1173 Glenn Martin Hall
  College Park, MD  United States  20742
• Principal Investigators:

  Cui, Qingbin

• Start Date: 20140701
• Expected Completion Date: 0
• Actual Completion Date: 20150630
• Source Data: RiP Project 37162

Subject/Index Terms

• TRT Terms: Empirical methods; Megaprojects; Monitoring; Project delivery; Public private partnerships; Transportation departments
• Subject Areas: Administration and Management; Economics; Freight Transportation; Planning and Forecasting; Policy;

Filing Info

• Accession Number: 01578291
• Record Type: Research project
• Source Agency: National Transportation Center @ Maryland
• Contract Numbers: DTRT13-G-UTC30
• Files: UTC, RIP
• Created Date: Oct 21 2015 1:01AM