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Rethinking America's HighwaysA 21st-Century Vision for Better Infrastructure$
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Robert W. Poole Jr.

Print publication date: 2018

Print ISBN-13: 9780226557571

Published to Chicago Scholarship Online: May 2019

DOI: 10.7208/chicago/9780226557601.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 27 September 2021

The Benefits of Long-Term P3 Concessions

The Benefits of Long-Term P3 Concessions

(p.96) Chapter Six The Benefits of Long-Term P3 Concessions
Rethinking America's Highways

Robert W. Poole Jr.

University of Chicago Press

The P3 model creates different incentives for highways, including risk transfer and design innovation. Financial differences include revenue bonding, better project selection, guaranteed maintenance, and a direct customer-provider relationship. Some of these benefits are also seen in public toll agencies.

Keywords:   Incentives, Risk transfer, Financing, Innovation, Toll authorities, Revenue diversion, Value-for-money analysis

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