A Public Private Partnership, or P3, is just what the name implies, a partnership formed by a public entity, in this case the Georgia DOT, and a private company or group of companies. Such a partnership allows us to better leverage the limited resources we have for major transportation projects by leveraging private sector innovation and capital.
Driven, in part, by a legislative directive, the Georgia DOT is implementing a P3 program designed to create a pipeline of projects that will deliver much-needed mobility improvements and support our state’s ongoing economic development needs. Such projects, due to their magnitude and associated costs, would likely be beyond the Department’s ability to pursue through traditional project delivery methods. P3 creates a framework that makes these projects possible, accelerates their delivery and brings additional transportation options to the traveling public.