Public-private Partnerships * USA - Metro projects to help measure cost-effectiveness of
Two of Metro's bus rapid transit projects will be part of a federal pilot program to measure the potential cost savings of public-private partnerships. A move that could expedite the development of the transit corridors, officials announced today
Houston,TX,USA -The Houston Chronicle, by ROSANNA RUIZ -May 29, 2007: -- One private firm or a consortium of private companies will be responsible for all construction and project management under the terms of the Public-Private Partnership Pilot Program, known as Penta-P, U.S. Transportation Department officials said... Washington Group Transit Management Co. was selected earlier this month to handle Metropolitan Transit Authority's four corridor projects, including the North and Southeast bus rapid transit lines chosen for inclusion in the federal program. Although no formal agreement has been reached, the company would maintain and operate the lines, assume partial risk and share in the profits... Metro and the Idaho-based parent company still are negotiating those issues.
Labels: public-private partnerships
posted by Unknown @ 11:32 AM
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