txdot ppp lessons learned draft - ibtta · lessons learned previous and current projects i-35...
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TxDOT Public-Private Partnerships Lessons Learned
OMW: Market, Communication, and Policy Trends in Tolling International Bridge, Tunnel and Turnpike Association
Monday, June 18, 2012
Edward P. Pensock, Jr., P.E. Director, Strategic Projects Division Texas Department of Transportation 125 E. 11th Street Austin, TX 78701-2483 Office: (512) 936-0965 E-mail: Ed.Pensock@txdot.gov
TxDOT Public-Private Partnerships Lessons Learned
AGENDA
Where we have been
What we have learned
Where we are going
TxDOT Public-Private Partnerships Lessons Learned
Previous and Current Projects
I-35 Corridor Advisory Committee
Four I-35 Corridor Segment Committees Project Capital Cost* Delivery Method Type of Project
SH 130 Segments 1 – 4 (awarded 2002)
$1.51 billion Design-Build Toll road
SH 130 Segments 5 & 6 (awarded 2007)
$1.34 billion Concession Toll road
North Tarrant Express (awarded 2009)
$2.05 billion Concession Managed Lanes
DFW Connector (awarded 2009)
$1.02 billion Design-Build Managed Lanes
LBJ / IH 635 (awarded 2009)
$2.7 billion Concession Managed Lanes
TxDOT Public-Private Partnerships Lessons Learned
AGENDA
Where we have been
What we have learned
Where we are going
TxDOT Public-Private Partnerships Lessons Learned
Ensure Project Readiness
Early definition of project Technical Elements Financial Strategy
Obtain environmental clearance
Establish stakeholder support Increases public trust Reduces risk to proposers
Funding & Project Readiness
Appropriate Traffic & Revenue Forecasts (if needed)
Value Engineering and Project Scope
Good Costs Estimates
Design & Construction
ROW & Utilities (if appropriate)
Life Cycle (if applicable)
Financing
Good Feasibility Analysis
Financing & Project Readiness
Early Coordination and Identification of: Public Funds Available Private Funds Anticipated Public Bond Issuance Innovative Funding Mechanisms
− TIFIA − PABs − Reinvestment Zones & Districts
TxDOT Public-Private Partnerships Lessons Learned
Improve Technical Requirements
Submittal requirements Align deliverables with progress of
work Streamline as much as possible
Design criteria and performance standards
Tailor documents to procurement approach
Nail down details
TxDOT Public-Private Partnerships Lessons Learned
Enable Process Improvement
Performance Standard Evolution
Aesthetic Guidelines
Right-of-Way & Utilities Prescriptive vs. Performance Process Consider Electronic Approvals
TxDOT Public-Private Partnerships Lessons Learned
Oversight and Transparency
Attorney General Review
Legislative Budget Board
State Comptroller
Public Hearing
Financial Disclosure
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51
Equity Return
Lifecycle
O&M
Debt Service
Construction
Revenue
Concession Cash Flow Profile
TxDOT Public-Private Partnerships Lessons Learned
Stakeholder Involvement
TxDOT Public-Private Partnerships Lessons Learned
Considerations on any PPP Project:
Agency Goals
Stakeholder Goals
Project Goals
Project Related Risks
Market Conditions
Size (Generally under $2B)
Delivery Method
TxDOT Public-Private Partnerships Lessons Learned
AGENDA
Where we have been
What we have learned
Where we are going
TxDOT Public-Private Partnerships Lessons Learned
Requests for Information
Not all PPP’s are the Same
The Industry has strong opinions
Collaboration Fosters Better Results
Private Sector
Public Sector
Risk Transfer
Revenue-Based Concession
DBB DB DBOM Availability Payment
Public Private
Partnership
TxDOT Public-Private Partnerships Lessons Learned
Senate Bill 1420
Provides TxDOT authority for following projects:
Grand Parkway (Houston)
IH 35E (Dallas)
North Tarrant Express (Fort Worth)
SH 183 (Dallas)
SH 249 (Houston)
SH 288 (Houston)
US 290 (Houston)
TxDOT Public-Private Partnerships Lessons Learned
Senate Bill 1420
TxDOT or Regional Mobility Authority for PPPs Loop 1 (Austin) US 183 (Austin) Outer Parkway and South Padre Second
Access (Cameron County)
Design-Build Authority Three Projects per Year ($50 million minimum
project size)
Edward P. Pensock, Jr., P.E. Director, Strategic Projects Division Texas Department of Transportation 125 E. 11th Street Austin, TX 78701-2483 Office: (512) 936-0965 E-mail: Ed.Pensock@txdot.gov
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