Transit Public-Private Partnerships: Legal Issues (2014) / Chapter Skim
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Pages 311-317
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From page 311... ...
311 APPENDIX E -- SUMMARY OF TRANSIT AGENCY RESPONSES TO THE SURVEY 1. Ten transit agencies responded to the survey that within the past 10 years their agency had used a PPP for the purpose of acquiring, improving, constructing, developing, operating, maintaining and/or financing an infrastructure project or used a PPP for TOD.
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From page 312... ...
312 SARTA describes its PPP as "clean energy for the operation of a public compressed natural gas (CNG) facility." The private partner for the $1.6-million project, which opened in May 2011, was Clean Energy, which has continued responsibility for the maintenance of the facility.
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From page 313... ...
313 No agency reported using simply a DB form of contracting for project delivery. Three agencies used a DBOM contract.893 One agency used A+B contracting.894 Four agencies used the CMGC form of contracting for project delivery.895 SEPTA explained that it "used a Request for Qualifications procurement process and entered into a development agreement with REACH," the private partner that used a CMGC for construction.
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From page 314... ...
314 states that for another PPP, its "net present value" was determined on the return on investment and that "SEPTA's upfront cost outlay is a primary factor." • SARTA considers the time lines for construction with penalties when time lines are not met. • TriMet considers property value, increased ridership, and projected lease payments and sales price.
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From page 315... ...
315 The City of Lacrosse Municipal Transit Utility received § 5309 capital grants in the amount of approximately $9 million, which was about 30 percent of the cost of the project. It appears that the local contribution was $11 million, or 70 percent, with TIF being the source of the funding.
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From page 316... ...
316 16. Only one agency, SEPTA, stated that the agency had agreed or would agree to an availability payment structure for a PPP project.907 17.
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From page 317... ...
317 was $8.1 million with $1 million from the private partner's investment or contribution and $4.4 million in federal funding. The development is not being used to fund other transit capital improvements or expenses.
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