Innovation in Virginia Transportation
The Office of Transportation Public-Private Partnerships for the Commonwealth of Virginia is responsible for developing and implementing a statewide program for project delivery via the Virginia Public-Private Transportation Act (PPTA) of 1995.
The PPTA Office works in coordination with the Secretary of Transportation, all five Virginia transportation agencies, 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
© 2012 Office of Transportation Public-Private Partnerhips | WAI Compliance | Freedom of Information Act
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