{ "reference": [ { "keyword": "Public-private partnership", "context": "-funded managed lane project, and the other was a Public-Private Partnership, working with a private organization to do the fu" }, { "keyword": "P3", "context": "they then talked about we should really look at a P3, at a partnership with a private organization. No" }, { "keyword": "P3", "context": "we're all aware, is I-77 North was done through a P3 and it was stormy, it was very controversial. The" }, { "keyword": "P3", "context": " that we would either have to kind of look at the P3 thing or accept that we weren\u2019t going to do anyth" }, { "keyword": "P3", "context": " wasn\u2019t really an option, we decided to study the P3 possibility closer. I think what came out of our " }, { "keyword": "P3", "context": " what we were tasked with doing was comparing the P3 delivery version or the traditional turnpike deli" }, { "keyword": "P3", "context": "ubmitted the I-77 South managed lanes project for P3.0. What P3.0 is, it's our State's transportation " }, { "keyword": "P3", "context": "e I-77 South managed lanes project for P3.0. What P3.0 is, it's our State's transportation prioritizat" }, { "keyword": "P3", "context": "oritization program that Brett described earlier. P3.0 was phase 3.0 of prioritization. So, that was t" }, { "keyword": "P3", "context": "us a Public- Private Partnership, also known as a P3. The analysis started in July 2024, and you'll se" }, { "keyword": "P3", "context": "ded traffic and revenue analysis, KPMG is a known P3 financial advisor, and then PFM is the North Caro" }, { "keyword": "P3", "context": "mention for both a Traditional Toll Delivery or a P3 Toll Delivery, both of these options would still " }, { "keyword": "P3", "context": "riangle Expressway in the Raleigh area. Now for a P3 Toll Delivery, again it would still be State-owne" }, { "keyword": "design, build, finance", "context": "oll the express lanes. So, a private entity would design, build, finance, operate, and maintain the project under a compre" }, { "keyword": "P3", "context": "nding. There is one example currently for another P3, which as mentioned earlier was the I-77 North ex" }, { "keyword": "P3", "context": " tolled P3s, so right now I-77 North is our first P3. Over the summer we actually had another local pl" }, { "keyword": "P3", "context": " to deliver the Mid-Currituck Bridge project as a P3 as well, so that would be the second P3, leaving " }, { "keyword": "P3", "context": "ject as a P3 as well, so that would be the second P3, leaving one more P3 slot. So, as we look at the " }, { "keyword": "P3", "context": " so that would be the second P3, leaving one more P3 slot. So, as we look at the comparative analysis " }, { "keyword": "P3", "context": "updated cost and revenue projections. Now for the P3 Toll Delivery, as the analysis has shown, it's li" }, { "keyword": "P3", "context": " has shown, it's likely financially feasible. The P3 delivery approach, when bringing in a private dev" }, { "keyword": "P3", "context": "egion if it were decided to move forward with the P3 Toll Delivery, the region would be eligible for t" }, { "keyword": "P3", "context": "RTPO were to request NCDOT to move forward with a P3 delivery, we would work in coordination with CRTP" }, { "keyword": "P3", "context": "rse that Traditional Toll Delivery or to pursue a P3 Toll Delivery. The options are in the traditional" }, { "keyword": "P3", "context": ", but it's very large. So, on the other hand, the P3 delivery alternative, as Carly described, we woul" }, { "keyword": "P3", "context": "the country, so this concept of managed lanes and P3 projects has certainly matured in the last 10 yea" }, { "keyword": "P3", "context": "rly on and if it's decided to move forward with a P3, we would work very closely with them to determin" }, { "keyword": "Public private partnership", "context": "s, and what you're requesting support on now in a Public Private Partnership, because I feel like there's something that I mis" }, { "keyword": "Public private partnership", "context": "that I missed capturing because if we're saying a Public Private Partnership from the public, the State has around $600 millio" }, { "keyword": "P3", "context": "so, the I-77 North contract was the State's first P3 contract. Ms. Mayfield said oh, that was a P3 con" }, { "keyword": "P3", "context": "rst P3 contract. Ms. Mayfield said oh, that was a P3 contract. Mr. Roy said that's correct. It's a des" }, { "keyword": "design, build, finance", "context": " P3 contract. Mr. Roy said that's correct. It's a design, build, finance, operate, and maintain. So, at a 50,000-foot view" }, { "keyword": "P3", "context": "ns learned, incorporating them into any potential P3 that would move forward on I-77 South. As Carly a" }, { "keyword": "P3", "context": "egion if the I-77 South project were pursued as a P3 from through-put maximization, consideration for " }, { "keyword": "P3", "context": "rward on South. So, at a 50,000-foot view, it's a P3 contract but the South contract could look very d" }, { "keyword": "Public private partnership", "context": "contract which was promoted to the community as a Public Private Partnership. Now we're saying we're coming back with another " }, { "keyword": "Public private partnership", "context": ". Now we're saying we're coming back with another Public Private Partnership but this time we're going to do it better without" }, { "keyword": "P3", "context": "ey were able to incorporate transit into a recent P3 contract where the developer actually is building" }, { "keyword": "P3", "context": "ery difficult to deliver a project like that as a P3 because there's no revenue source other than just" }, { "keyword": "P3", "context": "wer your question specifically, it's not really a P3 type project simply because it's not a toll proje" }, { "keyword": "P3", "context": "ccounting for that, or because we're looking at a P3 we're just going to let whoever that potential pa" } ] }