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Managing a P3 in Operations

Tolled highway and bridge P3 projects are typically large, complicated, controversial, and fraught with risk.

The tolling aspects of operations and maintenance are usually a high priority during pre-procurement and procurement. Proposal teams will challenge some of the typical road and bridge operations and maintenance performance specifications if they are too stringent and/or if they feel they will inflate their bid and not provide the public and owner value.

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P3 Case Study: Florida’s I-595

As it is for most drivers on the road, for most transportation projects, time is of the essence.

Last month, we discussed how some states have been successful using Public-Private Partnerships (P3) as a tool to deliver transportation projects. South Florida’s Interstate 595 P3 project is one such project, finishing years ahead of schedule and achieving superior results for the Florida Department of Transportation (FDOT) because of this alternative solution.

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Factors for Success as a P3 State

Why do Public-Private Partnerships (P3s) succeed in some states and falter in others? Success doesn’t come easy.  The degree of each state’s or project’s success can be argued, but the following items have and will help pave the way for states to find more success when implementing P3 projects and programs.

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