FHWA Publishes 'Availability Payment Concessions' P3 Model Contract Guide
DOT 92-15 Friday, Oct. 2, 2015 Contact: Doug Hecox (202) 366-0660
FHWA Publishes ‘Availability Payment Concessions’ P3 Model Contract Guide. The Federal Highway Administration (FHWA) announced the publication of a guide describing model terms and conditions for public-private-partnerships (P3s) seeking “availability payment concessions.’ The guide was developed pursuant to section 1534 of the Moving Ahead for Program in the 21st Century Act, which directed the Secretary to develop model P3 contracts, and in furtherance of President Obama’s Build America Transportation Investment Center (BATIC) to put federal credit programs to greater use, and to increase collaboration between state and local governments with private-sector partners. For more information about the guide, visit http://www.fhwa.dot.gov/IPD.
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