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Public-Private Relationship in Transportation Development

by B. Kent Lall, Portland State Univ, United States,



Document Type: Proceeding Paper

Part of: Engineering and Business: Converting Engineers to Businessmen

Abstract:

The paper explores the mechanism and development of public-private partnership which has resulted in the participatory growth of transportation projects in the Portland Metropolitan area. It traces the evolution of public/private partnership as it takes form depending on location, local laws, initiative and encouragement, environment and attitudes. The paper discusses the establishment of Joint Policy Advisory Committee on Transportation (JPACT) approved by the Metropolitan Service District. Its role in the identification of priority construction projects that will assure efficient movement of goods and people in and through the three county metropolitan area is emphasized. It identifies light rail and transit related projects that are estimated to cost $625 million over twenty years. In addition to exploring the traditional source of federal, state and local government funds, JPACT endeavors to design a working partnership between public and private sector for financing future transit projects. It encourages private sector involvement to meet costs and allows for return on the private investment.

Subject Headings: Public private partnership | Rail transportation | Public transportation | Private sector | Urban areas | Project management | Transportation management

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