The Metro Board of Directors recently initiated a program to explore the use of Public-Private Partnerships (PPPs) to accelerate delivery of highway projects included in Measure R and which are not fully financed through traditional funding sources.
The overall purpose of the PPP highway program initiative is to establish an approach on how to identify, assess and implement projects using private sector participation, with the overall goal of accelerating Metro’s delivery of highway projects in Los Angeles County.
The 30/10 Initiative was recently introduced to accelerate Measure R transit projects in Los Angeles County. At the same time, the Board adopted a policy to combine long term countywide sales tax revenue from Measure R, approved by voters in 2008, with alternative project delivery and financing methods for highway projects.
Creating jobs the right way.Learn more about America Fast Forward by clicking here.
Raffi Haig Hamparian
Government Relations Manager
Metro Federal Affairs
For viewing MS Word, Powerpoint, and Excel documents - Download Adobe Acrobat Reader (free) or use Google Docs Reader (online)