US government agencies should resist taking the
traffic risk in road and bridge public-private-partnerships
(P3) for political reasons. Instead they should look to other
countries’ precedents which achieve similar goals
through sharing the risk, according to P3 experts.
Counsel have noted a trend of public sponsors
structuring, or considering structuring, these deals using
availability payments rather than as pure revenue projects for
Their objectives can include maintaining control of
the project, including tolls and subsidising those when
necessary, and having the public reap the rewards of a
But P3 experts have warned against this
"I think we should be very cautious about...