FHWA publishes Guide for Toll Concession P3 contracts

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
FHWA publishes Guide for Toll Concession P3 contracts

The Federal Highway Administration (FHWA), an agency within the U.S. Department of Transportation , published on 10 September its final Core Toll Concessions P3 Model Contract Guide.

This guide presents key concepts for the structuring and development of legal contracts for highway transportation Public-Private Partnerships (P3) in the United States. It is part of the broader effort by the FHWA to promote understanding of P3 transactions, which will include a document similar to this guide on availability payment contracts used in P3 transactions.

This guide has been designed to provide industry-standard concepts, relevant common tools and mechanisms, and situational examples applicable to P3 transactions.

The Guide has the following table of contents:

  • A brief introduction to the public-private partnership (P3),
  • Explanation of tolling regulation,
  • Information about revenue-sharing tiggers and revenue-sharing mechanics,
  • Explanation of how the P3 model may impact supervening events,
  • Risks associated with potential changes in equity interest,
  • Risks associated with potential changes in law,
  • Defaults, early termination, and compensation, and
  • Handback process.

See Core Toll Concessions P3 Model Contract Guide:

http://www.fhwa.dot.gov/ipd/pdfs/p3/model_p3_core_toll_concessions.pdf

The FHWA supports State and local governments in the design, construction, and maintenance of the Nation's highway system (Federal Aid Highway Program) and various federally and tribal owned lands (Federal Lands Highway Program). Through financial and technical assistance to State and local governments, the Federal Highway Administration is responsible for ensuring that America's roads and highways continue to be among the safest and most technologically sound in the world.

List of country news

Country news

  • September 16, 2014

    AECOM to issue US$1.6 billion in senior notes to pay for URS Corporation

    AECOM announced last week its intention to offer, subject to market and other conditions, US$1.6 billion in senior notes maturing in 2022 and 2024. Read more
  • September 23, 2014

    Morgan Stanley Infrastructure acquires gas pipeline stake

    Magnum Hunter Resources Corporation announced yesterday that it has signed a transaction agreement with Morgan Stanley Infrastructure Inc. (MSI) relating to a separate purchase agreement between MSI and Ridgeline Midstream Holdings, LLC, an affiliate of ArcLight Capital Partners, LLC. Read more
  • August 24, 2014

    Cintra and Macquarie to declare bankruptcy of Indiana Toll Road

    The private company that operates the Indiana Toll Road, in the United States, has filed for bankruptcy after collapsing under $US5.8 billion of debt. The contract has a period of 75 years. Read more
  • September 24, 2014

    ACS, InfraRed team selected as preferred bidder for Portsmouth bypass P3

    However, for the next month it will be an evaluation of the Portsmouth Gateway Group's proposal to ensure that the bid is complete, said Kathleen Fuller, public information officer for the Ohio Department of Transportation, to the local press. Read more
  • September 24, 2014

    GIP sells 50 % stake in Ruby gas pipeline system

    Veresen Inc. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.