Abstract | Public private partnerships (P3s) are generating increased attention in the United States as another way to finance, construct, and operate transportation infrastructure. Challenged by caps on debt and weak credit ratings experi- enced in the course of the recent recession, America’s local governments and many public agencies remain hindered in their ability to borrow in the usual capital market (Puentes, Katz, Lipschultz, & Agrawal, 2014).

Chapter 9: Avoiding Public-Private Partnership Failure
Linking Transportation Infrastructure with Economic Development
Owen M. Beitsch and Wendell C. Lawther


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