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

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3 Introduction “Public–Private Partnerships: What Are the Lessons Learned?” (ACRP Project 11-08/16-04) was organized by the Transportation Research Board’s (TRB’s) Airport Cooperative Research Program (ACRP) as part of its series of convening activities, “ACRP Insight Events.” This event focused on the extent to which public–private partnerships (P3s) have been used in the airport industry and lessons learned from these experiences. The event also identified opportunities for further application of P3 arrangements in the industry. “Public–Private Partnerships: What Are the Lessons Learned?” sought to bring together senior airport executives, representatives from federal and local government, and other experts engaged in airport industry finance and operations. The program agenda for the event is provided in Appendix A, and the results of a survey distributed to attendees after the event are provided in Appendix B. Preparations for this ACRP Insight Event included a thorough literature review, which served to define the state of understanding of P3s and their application in the airport industry and to identify notable thought leaders and practitioners in the industry. Several of these thought leaders and practitioners were then selected to serve on the planning committee for the event. “Public–Private Partnerships: What Are the Lessons Learned?” took place on July 10–11, 2019, at the Keck Center of the National Academies of Sciences, Engineering, and Medicine (the National Academies) in Washington, D.C. More than 80 people registered for the event. The registrants’ professional affiliations included airports, airlines, federal and local government, consulting, law, finance, and more. The full list of attendees is provided in Appendix C. The event led off with an overview of P3s in the airport industry and was followed by a series of panel discussions structured according to the key phases in the P3 procurement process, a keynote address, and observations on lessons learned highlighted throughout the event. Presentations from “Public–Private Partnerships: What Are the Lessons Learned?” are available on the ACRP Insight Event web page at http://www.trb.org/ACRP/ACRP-Insight-Events.aspx. The literature review prepared for the event is also available on the event web page. Readers who are interested in more information can e-mail the ACRP senior program officer for the event, Sia Schatz, at TSchatz@nas.edu. ACRP is an industry-driven, applied research program that develops near-term, practical solutions to problems faced by airport operators. ACRP is managed by TRB, a part of the National Academies, and is sponsored by the Federal Aviation Administration (FAA). ACRP Insight Events are forums that foster dialogue among professionals across sectors, institutions, and industries. ACRP Insight Events convene airport industry leaders and subject matter experts in various fields to encourage discussion and promote broader and

4 deeper insight on topics of significance to airport operators. These in-depth, face-to-face gatherings are designed to promote communication and collaboration, foster innovation, and help identify areas of future interest and research, especially for topics of emerging importance.