The P3 Airport Summit
Public-private partnerships (P3s) have seen much recent success in delivering critical infrastructure across the country. As some airports face challenges in finding ways to enhance their capacity to fund and construct major expansion or even maintain needed infrastructure, many are looking to P3s as an opportunity to facilitate growth.
ICF Vice President Eliot Lees joins a panel at the P3 Airport Summit to answer “Are P3s for you? What makes a good project, and how to start?” P3s are not a panacea; there have been successes and failures, and P3s are appropriate in certain circumstances and not appropriate in others. The airport sector has unique features that are central to the consideration of best practices in the evaluation, procurement, contracting and execution of a P3 approach. Before a P3 can be considered, it’s important that these unique airport-focused features are fully understood.
- What is the value proposition for a P3?
- What are the unique stakeholder concerns that must be anticipated?
- How can you determine whether a project is suitable for P3?
- What obstacles are hindering the P3 market?
The panel will draw on its collective experience to offer perspectives on what success means in airport P3s, why the drivers of success are different from those of traditional procurement and contracting models, and to provide procuring authorities with guidance by drawing upon real-world positive and negative experiences in North America and globally.
Mr. Lees also joins the Structuring Retail Concessions in Airport P3s panel to discuss the various options available to airport owners to privatize retail concessions. Topics for discussion include:
- Transfer of revenue risk to the private sector and the appropriate level of owner oversight for a private sector managed concessions program
- The potential for innovations to drive sales growth
- Projecting airport retail concession revenues.