What is a P3?

A Public-Private Partnership (P3) is a delivery method that offers best value to the taxpayer through risk transfer. It’s a contractual agreement between a public agency and a private entity that allows for greater private sector participation in the life cycle performance of the asset. Generally, a P3 is considered to include long-term capital and financing as part of a Design-Build-Finance-Operate-Maintain (DBFOM) contract structure or a monetization transaction.

A P3 is:

A P3 is not: