03.01.2012 - By Texas Department of Transportation
It's been nearly 10 years since Texas began discussing the possibility of using public-private partnerships, or P3's as a means for delivering state-level transportation projects. Since then, the Trans-Texas Corridor has come and gone, the economy has gone from boom to bust to recovery, and the population of Texas has grown by 20 percent. With no new sustainable revenue streams opening for transportation, Texas is again looking at public-private partnerships to build transportation infrastructure. Once on the TxDOT side and now on the private-sector side, Phil Russell, Senior Vice President and Director of P3 Delivery at H.W. Lochner, Inc. sat down with me at this year's transportation forum to discuss how P3s have changed.