TY - GEN
T1 - Analysis of Funding Sources for Design-Build-Finance (DBF) Public-Private Partnership (PPP) Projects in the U.S. Transportation Sector
T2 - Construction Research Congress 2016: Old and New Construction Technologies Converge in Historic San Juan, CRC 2016
AU - Ramsey, David
AU - El Asmar, Mounir
N1 - Publisher Copyright:
© ASCE.
PY - 2016
Y1 - 2016
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=84976402739&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84976402739&partnerID=8YFLogxK
U2 - 10.1061/9780784479827.034
DO - 10.1061/9780784479827.034
M3 - Conference contribution
AN - SCOPUS:84976402739
T3 - Construction Research Congress 2016: Old and New Construction Technologies Converge in Historic San Juan - Proceedings of the 2016 Construction Research Congress, CRC 2016
SP - 331
EP - 340
BT - Construction Research Congress 2016
A2 - Perdomo-Rivera, Jose L.
A2 - Lopez del Puerto, Carla
A2 - Gonzalez-Quevedo, Antonio
A2 - Maldonado-Fortunet, Francisco
A2 - Molina-Bas, Omar I.
PB - American Society of Civil Engineers (ASCE)
Y2 - 31 May 2016 through 2 June 2016
ER -