Structuring Public–Private Partnerships for Public Value: Analysis of Two Transportation Infrastructure Case Studies

Abstract

This study examines public–private partnerships (PPPs) in terms of providing public value and analyzes the structuring of PPP contractual agreements to achieve public values of accountability, transparency, responsibility, responsiveness, and quality. We focus on transportation PPP projects utilizing case studies of the I-495 and I-95 PPP projects in northern Virginia. Review of contractual documents governing the PPPs and analysis of supplemental data related to PPP outcomes is conducted. We examine the creation and maintenance of public value through the process and performance elements of the contractual agreement. Study findings provide insight into how the roles, relationships, and interactions of the public and private partners, reflected in process and performance elements, are incorporated into agreements to ensure public value.