In 2003, the Georgia legislature passed a law that allowed for unsolicited proposals to be submitted under what was then known as the Public Private Initiative, or PPI, program. Several unsolicited proposals were subsequently submitted, including proposals for GA-316, GA-400, I-285W/I-20W and I-75/I-575. Ultimately, only the I-75/I-575, or Northwest Corridor project was advanced. That agreement with that project team has since been terminated, although significant work has been conducted that can be used to advance a project along that corridor through a new approach.
In 2009, the legislature put in place a new framework empowering the Georgia DOT to identify projects and solicit proposals under what is now known as the Public Private Partnership, or P3, program. This solicited approach allows the Department to maintain complete control of project identification, selection, procurement and construction. The result is a program that will effectively deliver projects that increase mobility and provide greater options for the traveling public.
With Georgia’s P3 program focused solely on solicited proposals, we hope to encourage competition between competing teams of private partners. This competition drives innovative approaches, including methods of project funding. Thus, there is no single formula for funding a P3 project. Projects may be funded through a combination of public and private sources, which may include but are not limited to:
Tolling will likely be a part of many P3 projects. Current transportation funds are simply insufficient to continue maintaining Georgia’s existing infrastructure and construct new projects to meet the state’s growing mobility and economic development needs. Tolling options provide a viable means of helping pay for projects that the state would otherwise be unable to afford to construct.
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