The P3 Division has been one of eight ARTBA membership divisions for nearly 30 years and has a rich history. The association’s unique federation structure brings contractors, designers, public officials and P3 professionals under one roof.
In November 1989, ARTBA hosted more than 200 people from 26 states and six countries for the first-ever “National Conference on Public-Private Ventures in Transportation in the Nation’s Capital. Engineering News Record magazine called it a “seminal event.”
The ARTBA Public Private Ventures (PPV) Division was created the next year, and soon became a major policy development and networking/business development hub for industry professionals.
In 1991, P3 Division leaders helped develop a 100-page “Public-Private Partnership in Transportation,” a first-of-its-kind manual that provided a concise, easy-to-read understanding on the subject.
ARTBA and P3 Division leaders have played a major leadership role in helping secure innovative financing provisions in these surface transportation investment laws:
- 1991 Intermodal Surface Transportation Efficiency Act (ISTEA): Contained ARTBA-pushed provisions authorizing expanded PPVs and the use of federal funds for new toll highways.
- 1998 Transportation Equity Act for the 21st Century (TEA-21): Made State Infrastructure Banks (SIBs) and the Transportation Infrastructure Finance & Innovation Act (TIFIA) permanent and authorized pilot tolling programs.
- 2005 Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU): Included ARTBA-pushed provisions to expand the SIB program to all 50 states, broaden the eligible use of Private Activity Bonds, and ensure new tolling authority for states.
- 2012 Moving Ahead for Progress in the 21st Century Act: Featured ARTBA-endorsed measures to significantly expand the size of TIFIA and the ability of states to use tolls on federal-aid highway capacity projects. It also includes a measure requiring U.S. DOT to publish “best practices” in the use of P3s.
- 2015 Fixing America’s Surface Transportation (FAST) Act: Reformed the pilot program enabling states to toll existing Interstate highways, and created the Build America Bureau as a one-stop-shop for project financing within U.S. DOT.
The P3 Division also helps deliver comprehensive and unrivaled information about the P3 market. In 2011, ARTBA published an expert 50-page report, “The Role of Private Investment in Meeting U.S. Transportation Infrastructure Needs,” highlighting the results of two decades’ experience with U.S. P3s.
P3 Division membership benefits include:
- Opportunities for leadership roles on committees and task forces charged with making transportation policy recommendations;
- Access to forums to gather intelligence and share information on federal and state developments;
- Networking and business development with professionals in the entire sector, including public officials, contractors, concessionaires, engineers, legal and financial advisors, and academics;
- Participation in regular webinars. Members may also have the opportunity to present on these webinars;
- Discounted registration at ARTBA’s annual P3 conference and the chance to participate on panel sessions during the event;
- Meetings with U.S. DOT and FHWA officials to discuss real-world implications of implementing P3 provisions in federal surface transportation policy laws; and
- Access to the digital Washington Newsline, which provides the latest news impacting transportation infrastructure development.
Members are also able to participate in two annual P3 Division Meetings during the ARTBA National Convention in the fall and the ARTBA Federal Issues Program (FIP) in the spring. The purpose of these meetings is to inform members about developments in P3s, and they typically include a project presentation.
To learn more about membership, contact ARTBA’s Allison Rose, or call 202.683.1022.