What are some examples of recent public-private partnerships in the United States?
Recent examples of public-private partnerships include the following: • The lease of the Chicago Skyway (a major 8-mile-long bridge connecting two Interstates). A consortium of private firms paid the City of Chicago $1.83 billion for the rights to operate and collect tolls on the Skyway for 99 years. The lease agreement establishes maximum toll rates and sets performance standards that must be maintained on the facility. • The Virginia Asset Management program, through which the State has contracted with a private sector firm to provide long-term maintenance and restoration of 1,250 miles of Interstate Highways. • The Dulles Greenway in northern Virginia. The design, construction, financing, and operation of this limited access highway has been entirely private, with operational responsibilities for the road scheduled to revert to the State after 42.5 years. • The 4,000-mile Trans-Texas Corridor system, which will be built with public-private partnerships. An initial segment between Da
