The Bond Buyer »

The Virginia Office of Public-Private Partnerships (P3s) released draft P3 procurement guidelines on October 14, 2014. The Commonwealth Transportation Board (CTB) is expected to adopt the revised P3 procedures at their November 2014 meeting. This article provides details about the proposed guidelines, and the issues with the U.S. 460 project that prompted the review and revision of the state’s P3 procedures.