Analysis of Funding Sources for Design-Build-Finance (DBF) Public-Private Partnership (PPP) Projects in the U.S. Transportation Sector: An Ongoing National Study

David Ramsey, Mounir El Asmar

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Scopus citations

Abstract

A public-private-partnership (PPP) is a contractual arrangement formed between public and private sector partners, which allows for more private sector participation than traditionally possible. Emphasis is placed on expanding the private sector's role in designing, constructing, operating, maintaining, and especially financing infrastructure projects. Design-build-finance (DBF) is one prominent type of PPP. The goal of this research is to quantify the various funding sources of DBF PPP projects in the U.S. transportation sector. The methodology consists of a review of the existing PPP literature on DBF practices in the U.S. and abroad, followed by data collection through a combination of public and private sources, published data, and a series of structured interviews with project stakeholders. The paper presents preliminary results stemming from 21 ongoing and fully completed DBF transportation projects, showing private contributions (of debt and equity) account for more than a quarter of the DBF funding for this subset of projects. Overall, this study contributes to the body of knowledge by evaluating the various funding sources of DBF projects and quantifying the potential of private financing sources to accelerate the amount of infrastructure delivered to the public.

Original languageEnglish (US)
Title of host publicationConstruction Research Congress 2016: Old and New Construction Technologies Converge in Historic San Juan - Proceedings of the 2016 Construction Research Congress, CRC 2016
PublisherAmerican Society of Civil Engineers (ASCE)
Pages331-340
Number of pages10
ISBN (Electronic)9780784479827
DOIs
StatePublished - 2016
EventConstruction Research Congress 2016: Old and New Construction Technologies Converge in Historic San Juan, CRC 2016 - San Juan, Puerto Rico
Duration: May 31 2016Jun 2 2016

Other

OtherConstruction Research Congress 2016: Old and New Construction Technologies Converge in Historic San Juan, CRC 2016
CountryPuerto Rico
CitySan Juan
Period5/31/166/2/16

ASJC Scopus subject areas

  • Civil and Structural Engineering
  • Building and Construction

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    Ramsey, D., & El Asmar, M. (2016). Analysis of Funding Sources for Design-Build-Finance (DBF) Public-Private Partnership (PPP) Projects in the U.S. Transportation Sector: An Ongoing National Study. In Construction Research Congress 2016: Old and New Construction Technologies Converge in Historic San Juan - Proceedings of the 2016 Construction Research Congress, CRC 2016 (pp. 331-340). American Society of Civil Engineers (ASCE). https://doi.org/10.1061/9780784479827.034