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Public Projects Public Financing Public Private Partnerships (P3s)

Nossaman LLP

Maryland Purple Line Concessionaire Achieves Financial Close – Time to Build!

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Financing for the Maryland Purple Line closed on Friday, June 17 – marking an important milestone for the Maryland Transit Administration’s (and Maryland Department of Transportation’s) plan to deliver a transit solution to...more

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Availability Payment or Toll Concession: Is there a hybrid approach?

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At the TRB P3 Subcommittee meeting on January 12, 2015, among the topics discussed is the growth in the U.S. P3 market of the availability payment approach and less use of toll concessions. Availability payment contracts...more

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Emerging Trends in Project Delivery: Design-Build-Maintain Contracting for Surface Transportation Projects

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In the modern U.S. history of public-private partnerships, the prevailing project delivery models have been the toll concession and the availability payment contract. In both cases, the private party raises equity and debt...more

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