This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
This Website Uses Cookies By closing this message or continuing to use our site, you agree to our cookie policy. Learn MoreThis website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
Home » Transport P3s Take Lessons Learned Into New Unknowns
In the mid-1990s, two highway projects oneither side of the country helped to create a paradigm shift in the way U.S. infrastructure improvements would be financed. Dulles Greenway in northern Virginia and state Route 91 Express Lanes in Los Angeles were designed and built almost entirely with private funds, giving rise to what would become public-private partnerships, or P3s.
Enthusiasm and skepticism greeted both projects. While some saw the nascent P3s as the ideal solution for a growing shortfall in public transportation funds, others questioned whether projects would meet states' exacting standards for quality and safety, how the approach would affect construction and municipal workforces and whether taxpayers would have to pay for failed business deals, no matter how good the ideas seemed.