A P3 Solution for Transportation?

Miami-Dade is proposing a Public Private Partnership , P3, solution to help address its roadway congestion.

Currently the area uses P3 solutions for recapitalizing Miami’s infrastructure, expanding options for mass transit, and incorporating modern design and innovative operational techniques.

P3 for transportation congestion differs from normal contracting by:

• involving more stakeholders
• creating a secure, long-term revenue stream
• the P3 must “earn a level of return that adequately compensates for the level of risk.”

National Law Review