Innovation in Virginia Transportation
Virginia’s Office of Transportation Public-Private Partnerships is responsible for developing and implementing a statewide program for project delivery via the Public-Private Transportation Act (PPTA) of 1995.
The OTP3 works in conjunction with the Secretary of Transportation, Virginia Department of Transportation, Department of Rail and Public Transportation, Department of Aviation, Department of Motor Vehicles, Commercial Space Flight Authority, and the Virginia Port Authority and focuses on the development of public-private projects across all modes of transportation.
The Secretary of Transportation has established the following objectives for the PPTA Program:
- Facilitate timely delivery of PPTA projects, within established laws and regulations
- Develop multimodal and intermodal solutions consistent with state, regional and local transportation policies, plans and programs
- Encourage competition for innovation and private sector investment creating value-for-money for the commonwealth
- Promote transparency, accountability, informed and timely decision making
- Establish reliable and uniform processes and procedures to encourage private sector investment
- Seek efficiencies by standardizing processes
- Foster efficient management of commonwealth financial and organizational resources
- Achieve lifecycle cost efficiencies through appropriate risk transfer
- Promote economic growth and job creation
Projects selected for procurement under the PPTA are consistent with the commonwealth’s transportation goals of:
- Improving safety and security
- Reducing congestion
- System maintenance and preservation
- Mobility
- Connectivity
- Accessibility
- Environmental stewardship
- Economic vitality
- Coordination of transportation and land use and program delivery
© 2013 Office of Transportation Public-Private Partnerhips | WAI Compliance | Freedom of Information Act
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