Cover image for Public-private partnerships : case studies on infrastructure development
Title:
Public-private partnerships : case studies on infrastructure development
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Publication Information:
Reston, Va. : ASCE Press, c2011.
Physical Description:
xiii, 403 p. : ill. ; 26 cm.
ISBN:
9780784410134
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PSZ JB 30000010298382 HD3885 L48 2011 Open Access Book Book
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Summary

Summary

Public-Private Partnerships: Case Studies in Infrastructure Development demystifies this innovative solution to the challenges of designing, financing, building, and operating major infrastructure projects. In today's world, partnerships between public agencies-federal, state, and local-and private companies are an increasingly popular policy tool. At a time when infrastructure in the United States and elsewhere is aging and public budgets are shrinking, public-private partnerships (PPPs) permit planners to leverage limited funds, while private firms embrace these relationships as an unfolding and potentially profitable global market. But what separates a successful partnership from one that fails to deliver on its promise?

In this book, Sidney Levy brings a balanced perspective to the history and development of the PPP movement. He outlines different approaches to defining and planning a PPP, supplemented by a history of PPP toll roads in the United States. He describes the key players in a PPP deal and provides case studies of the projects in Virginia, Illinois, Florida, Canada, and Mexico.

This compendium of practical detail on public-private partnerships is essential reading for civil engineers, engineering managers, construction contractors, developers, and government officials involved in or contemplating a major infrastructure project.

Book Reviews

...its comprehensiveness makes it an excellent text for academic coursework in engineering, business, finance, law, and government. Highly recommended. -- CHOICE: Current Reviews for Academic Libraries (September 2012)

About the Editor
Sidney M. Levy is a consultant with 40 years of experience in construction and specializing in contract negotiations, project delivery systems and the preparation and settlement of construction claims and disputes. He is the author of more than 25 books on construction processes, planning, management, and international construction practices.


Author Notes

Sidney M. Levy is a consultant with 40 years of experience in construction and specializing in contract negotiations, project delivery systems, and the preparation and settlement of construction claims and disputes. He is the author of more than 25 books on construction processes, planning, management, and international construction practices.


Reviews 1

Choice Review

Public-private partnerships (PPPs) can provide financial, technical, and managerial resources to augment or replace stretched government funding of transportation and other public infrastructure. This excellent book's first four chapters describe the evolution of PPPs, institutional arrangements, the need for funds, the federal role, and the major private players (developers, financiers, etc.), and provide comprehensive statistics on PPP projects nationally and worldwide. The remaining seven chapters present detailed case studies of dozens of US, Canadian, and Mexican PPPs, mostly toll roads, which illustrate successes and failures of these partnerships. The book is strongest on the supply side, describing for each PPP case study the history, the players, the tools and procedures used, and the financial outcomes, often quite disastrous. There is nothing on methods of forecasting revenue streams, and only brief but disturbing statistics describing how badly toll road revenues have been over forecast. In truth, there is a huge, often overly optimistic study literature on PPPs, well referenced in the book. This volume is relatively evenhanded, and its comprehensiveness makes it an excellent text for academic coursework in engineering, business, finance, law, and government. Excellent index. Summing Up: Highly recommended. Students, upper-division undergraduate and up; faculty; professionals; general readers. D. Brand formerly, Harvard University


Table of Contents

Prefacep. vii
Chapter 1 The Public-Private Partnership Movementp. 1
Chapter 2 Tools for Implementing PPPsp. 29
Chapter 3 The Players: Developers and Financersp. 57
Chapter 4 The Federal Role in PPPsp. 83
Chapter 5 Virginia Department of Transportationp. 119
Chapter 6 The Chicago Skyway and the Indiana Toll Roadp. 153
Chapter 7 Texas Strategic Plan Includes Public-Private Partnershipsp. 185
Chapter 8 Florida's Public-Private Partnership Endeavorsp. 217
Chapter 9 What Some Other States Are Doingp. 251
Chapter 10 The Corridors of the Futurep. 289
Chapter 11 Our Neighbors to the South and to the Northp. 329
Chapter 12 Looking Down the Roadp. 363
Indexp. 391