Public-Private Partnerships (PPP)
California recognizes the desire to introduce private sector capital and expertise to the building of transportation infrastructure through the Public-Private Partnerships (PPP) program. By offering reasonable investment returns, California's public sector intends to partner with the private sector to develop, construct, and operate additional transportation projects to accelerate goods movement, improve air quality and facilitate California's economic development.
Effective January 1, 2007, Assembly Bill (AB) 1467 (Nunez) Chapter 32, Statutes of 2006, authorizes Caltrans and regional transportation agencies to enter into comprehensive development lease agreements with public and private entities, or consortia of those entities for certain types of transportation projects.
On September 28, 2006, Governor Schwarzenegger signed AB 521 (Runner) Chapter 542, Statutes of 2006, which modifies provisions in AB 1467 to instead provide that the Legislature has 60 legislature days to act after submittal of a Public-Private Partnerships (PPP) negotigated lease agreement.
US DOT - Federal Highway Adminstration - PPP website
For additional information, please contact Innovative Finance:
| Weijian Ni | Jeffrey Ingles |
| Innovative Finance Manager | Innovative Finance Manager |
| (916) 651-9539 | (916) 654-3099 |
| weijian_ni@dot.ca.gov | jeffrey_ingles@dot.ca.gov |