Evaluating and Implementing Airport Privatization and Public-Private Partnerships (2021) / Chapter Skim
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1 In this guidebook, the term privatization is used to reflect a longterm lease or concession, not an outright sale of the asset. Terminology The airport community has struggled to develop a common language for private involvement in airport development and operations.
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2 Evaluating and Implementing Airport Privatization and Public-Private Partnerships P3 P3 is a broad term for the sharing of risk between a governmental entity and the private sector. A P3 is distinguished from full privatization by the public sector retaining title to the airport and from a long-term lease by the public sector retaining regulatory responsibility for the airport.
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Terminology and Organization of the Guidebook 3 the guidebook's areas of focus, provides an overview of the research approach, and defines and discusses P3s in more detail. The rest of the guidebook is divided into two major parts.
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4 Evaluating and Implementing Airport Privatization and Public-Private Partnerships • Checklists designed to help airport owners translate theoretical concepts into concrete action. Many practitioners that have worked on P3s will explain that the process for delivery of a project using alternative project delivery methods is iterative in nature.
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From page 5... ...
Terminology and Organization of the Guidebook 5 assessment, there are six "Readiness Levels" that map answers to a level of readiness for each phase of alternative delivery implementation. Each readiness assessment includes external resources and references to sections of the guidebook (chapters, case studies, and appendices)
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