Final Guidance to Evaluate Alternative Project Delivery Approaches 

The Build America Bureau (Bureau) and the Federal Highway Administration (FHWA) published final guidance in the Federal Register to help the public understand statutory requirements to evaluate the appropriateness of using alternative approaches to deliver infrastructure projects, including public-private partnerships (P3). The guidance collates the requirements cited in four laws, does not contain any new criteria, does not impose any new legal requirements, and has no legal effect.  
 
The Bureau and FHWA accepted public comments through the Federal Register on the draft Value for Money (VfM) guidance document and amended the guidance based on this feedback. The guidance intends to inform project sponsors of the Bureau’s implementation of the evaluation requirements when seeking Federal credit assistance through the Transportation Infrastructure Finance and Innovation Act of 1998 (TIFIA) and the Railroad Rehabilitation and Improvement Financing (RRIF) credit assistance programs and FHWA’s implementation of the major project financial plan requirement to perform detailed VfM analysis.

The Bureau and FHWA can support public entities interested in evaluating alternative approaches for delivering transportation infrastructure with direct technical assistance. Contact us at InnovativeFinanceTA@dot.gov.