Tuesday April 28, 2009
Public-private partnerships (PPPs) are being increasingly used by transit agencies as a promising financing and procurement tool for managing infrastructure costs. For example in the Midwest, the toll road system in Indiana and the Chicago Skyway have been leased to private sector companies. In Virginia, toll road revenues were used to finance a subway extension to Dulles Airport. At Metro, PPPs were used successfully to create Metro's compressed natural gas fueling facilities and to install the nation's largest solar panel system at a transit facility at Metro's Support Services Center in downtown Los Angeles. That project is expected to cut the facility's annual $1.1 million energy bill in half.
InfraConsult LLC will supply strategy development and technical and financial services. It will identify transit and/or highway projects for Board consideration and potential implementation. And it will help develop Metro's PPP organizational structure and business plan.