This is the third in a series of three posts of a questionnaire with Min Wei, CFO of Cubic Transportation Systems, following his bylined article in Mass Transit Magazine, “What are Some Tips for Successful Public-Private Partnerships?”
Budget shortfalls, shrinking traditional funding sources, aging and under-capacity infrastructure and other challenges are leading more transit operators to form Public Private Partnerships (PPP or P3) with the private sector to achieve sustainability and growth. Here is what you should expect in a P3 and some best practices, drawn from Cubic Transportation Systems’ more than 20 years of P3 experience working with leading financial advisors and banks to construct, deliver and service some of the largest projects in the automated fare collection (AFC) industry.