Public Private Partnerships
Sharing The Risk
Another solution to budget shortfalls is the public private partnerships in which private entities take on some of the cost and risk involved in completing a project while sharing in the revenue and benefits that completed projects generate.
Helping Public Projects Go Private
One of the necessary elements in public private partnerships, also referred to as P3s, is flexibility and adaptability. Roles must be clearly defined to avoid contract issues. AMT understands this, having worked on some of the most prominent P3 partnerships in the region, namely the Southwest Waterfront project in Washington, D.C., and the I-495 HOT Lanes project, which is part of the Virginia Megaprojects on which we are doing roadway improvements, inspections, safety and civil rights work. The Megaprojects, also involve the Metro Silver Line from Washington, D.C. to Dulles International Airport, for which AMT is providing safety management and civil rights expertise.
P3 projects are supported by the FHWA’s Office of Innovative Program Delivery and may qualify for TIFIA funds.