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Don’t Miss this Webinar about the P3 Plan for Beltway Toll Lanes

Experts Jeremy Mohler and Shar Habibi from the national think-tank “In the Public Interest” will discuss the public-private-partnership (P3) process and how it will work on the proposed Beltway toll lanes. A P3 is a complex and detailed form of privatization that gives control of a public good or service to a private entity. P3s are often risky, expensive, and secretive. Learn more.

When:  October 28   6 -7:30 pm

Click here to register for the webinar. (You must register in advance.) An e-mail with a link to the presentation will be sent to everyone who registers. There will be a time for questions following the formal presentation.

Background: The toll-lane project includes more than 70 miles of interstate highway. The P3 program would give the responsibility of designing, financing, constructing, and maintaining the toll lanes to a private contractor who would be able to set prices and collect tolls for the next 50 years. The Maryland Dept. of Transportation says this is necessary because there are insufficient funds in the Transportation Trust Fund to finance this infrastructure. But it’s now clear the toll-lane project would require taxpayer subsidy.

Critical issues must be carefully considered before MDOT goes forward with this project:

1)      Is this infrastructure actually needed?

2)      How much will Maryland taxpayers have to pay to support this P3?

3)      Are P3s actually successful in transferring the risk of the project to the private entity?

Compared to the traditional route of issuing municipal bonds for capital projects, P3s are often cited as a less expensive way to leverage private capital to achieve public construction goals. But are they? What are the costs and what are the risks? With Gov. Hogan proposing a P3 for the addition of toll lanes on I-270 and I-495, the more we understand about P3 projects, the better we can advocate for our tax dollars.

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