Public–Private Partnerships: What Are the Lessons Learned? (2020)

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1 Preface “Public–Private Partnerships: What Are the Lessons Learned?” (ACRP Project 11-08/16-04), held July 10–11, 2019, at the Keck Center of the National Academies of Sciences, Engineering, and Medicine (the National Academies) in Washington, D.C., brought together senior airport executives; representatives from federal, state, and local government; and representatives from the financial, consulting, and legal fields to discuss the opportunities and challenges of implementing public–private partnerships at airports. The Transportation Research Board’s (TRB’s) Airport Cooperative Research Program (ACRP) organized the event as part of its series of convening activities titled “ACRP Insight Events.” These proceedings, prepared by rapporteur Sheri Ernico of LeighFisher, Inc., are a compilation of the presentations and a factual summary of the ensuing discussions at the event. The planning committee for “Public–Private Partnerships: What Are the Lessons Learned?” was solely responsible for organizing the event, identifying speakers, and coordinating activities during the event. The views contained in these proceedings are those of individual ACRP Insight Event participants and do not necessarily represent the views of all participants, the planning committee, TRB, or the National Academies. This document was reviewed in draft form by individuals chosen for their diverse perspectives and technical expertise. The purposes of this independent review are to provide candid and critical comments that will assist the National Academies in making the published proceedings as sound as possible and to ensure that the document meets institutional standards for clarity, objectivity, and responsiveness to the project charge. The review comments and draft manuscript remain confidential to protect the integrity of the process. TRB thanks the following individuals for their review of the proceedings: Jennifer Cohen, Health and Medicine Division, National Academies of Sciences, Engineering, and Medicine, Washington, D.C.; Rhona DiCamillo, DKMG Consulting LLC, Wilmette, Illinois; and Lynn Hampton, Lynn Hampton Associates, Louisville, Kentucky. Although the reviewers listed above provided many constructive comments and suggestions, they did not see the final draft of the proceedings before their release. The review of the proceedings was overseen by Chris Hendrickson, Carnegie Mellon University. He was responsible for making certain that an independent examination of the proceedings was performed in accordance with institutional procedures and that all review comments were carefully considered. Responsibility for the final content rests entirely with the author and the institution.