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Exploring P3 Delivery Models for Rail Capacity in Texas

This presentation by Phillip E. Russell, PE, JD, delves into the potential of Public-Private Partnerships (P3s) in enhancing rail capacity in Texas. It categorizes different P3 forms based on public and private sector involvement and risk allocation, highlighting the importance of planning and stakeholder engagement. Key aspects covered include risk analysis, revenue streams, and innovative procurement strategies. The session concludes with an assessment of P3 viability for rail projects, emphasizing ridership, legislative support, and competition.

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Exploring P3 Delivery Models for Rail Capacity in Texas

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  1. RAIL CAPACITY: Can P3 Delivery Pay For It? Phillip E. Russell, PE, JD Senior Vice President Director of Alternative Delivery

  2. WHAT IS A P3? Many Forms Categorized By: • Level of Public and Private Sector Involvement • Degree of Risk Allocation Privatization Buy/Build/Operate Build/Own/Operate Build/Own/ Operate/Transfer Build /Lease/ Operate/Transfer Lease/Develop/Operate Design/Build/Operate Finance Only Degree of Private Sector Risk Operate/Maintain Service/License Design/Build Corporation/Agency Government Degree of Private Sector Involvement

  3. PLANNING FOR P3s Identify, Screen, and Analyze Potential Projects • Prioritize Corridors and Segments • Assessing Capital Costs, Potential Available Funds, Environmental Ripeness, and Stakeholder Buy-In • Prioritize for Future Scrutiny and Analysis

  4. PLANNING FOR P3s Risk Analysis • Identify All - Financial, Legal, Technical • Proper Risk Allocation to Public and Private Sectors

  5. The spectrum of combinations of public and private participation, classified according to risk and mode of delivery 100% 100% Government Risk Private Risk 0% 0% Complete Government Production and Delivery Traditional Public Procurement Concessions Privatization PPPs

  6. COST/SCHEDULE RISK ALLOCATION

  7. COST/SCHEDULE RISK ALLOCATION

  8. PLANNING FOR P3s Revenue Streams • State and Federal Funds • Value Capture Opportunities • Loan Programs • Taxation • Economic Development/TODs • Advertising / Naming Rights

  9. PLANNING FOR P3s Industry Outreach • Generate Buzz Within the Industry • Elevate Industry Interest • Leads to Innovation • Heightens Pricing Competitiveness

  10. PLANNING FOR P3s Procurement • Maximize Value Through Robust and Fair Contract Terms • Transparency vs. Confidentiality • Independent Comparators • Value for Money Analyses

  11. TXDOT HIGHWAY P3 MODEL SH130 LBJ North Tarrant Express

  12. TxDOT HIGHWAY P3 MODEL- TRANSFERABLE TO RAIL? Financing and Funding • Existing Unfunded Rail Relocation and Improvement Fund • Value Capture (e.g., Cottonbelt Innovation Financing Initiative) Legislative Action Revenue Streams for Payback • Farebox • Other

  13. CONCLUSION Are P3s a viable option for Rail in Texas? Yes – but…… • Ridership – Of Course! • Legislative Attention • Local Support • Innovative Approaches • Level Playing Field with Sound Procurement Approach • Robust Competition

  14. Phillip E. Russell, PE, JD Senior Vice President Director of Alternative Delivery Questions? • 810 Hester's Crossing, Suite 225 | Round Rock, Texas 78681 • Office: 512.828.0076 | Mobile: 512.635.6178 • prussell@hwlochner.com | www.hwlochner.com

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