On Monday I testified at a Pennsylvania House Republican Policy Committee hearing on transportation public-private partnerships (PPPs) and what they can offer to the Commonwealth of Pennsylvania. As I testified:
Opportunities for PPPs exist in Pennsylvania in many important facets of transportation, including constructing new highways, building new bridges, and competitive contracting for additional local and state road maintenance and operations. In fact, PPPs may offer a viable means of financing some of the state's large-scale capital improvement projects that currently lack a funding source, or perhaps even deliver more value for the road maintenance dollar.
PPPs are never going to completely replace the traditional means of funding transportation, but they are a very promising method in which to augment traditional transportation revenue sources and provide more project delivery options and cost-savings to the Commonwealth.
The full written testimony is available here‚??which offers an overview of transportation PPPs in the U.S., related public policy considerations, best practices in state PPP enabling legislation and more‚??and you can watch a video of the full hearing here.