P3 Program Overview

Publisher: Maryland Department of Transportation
Publication Year: 2019
External Link: https://www.mdot.maryland.gov/tso/pages/Index.aspx?PageId=12
Resource Summary: Public-Private Partnerships (P3s) are contractual agreements between a public agency and a private entity that allow for greater private participation in the innovative delivery of projects. Maryland DOT utilizes P3s to leverage private sector expertise and mitigate risk for the state on large infrastructure projects. P3s offer an opportunity to tap new financing sources, and a new means to procure infrastructure, by partnering with a private entity to perform a variety of functions to deliver the project, such as design, build, finance, operate, and maintain the transportation facility.

Change Forces
  • Legislation, Regulation, and Funding
  • New Funding Arrangements
  • Operations Focus
  • Partnerships
  • Partnerships
  • P3