An Evaluation Analysis on Public-Private Partnership of Road Development by the State of Virginia

The unremitting nature of road infrastructural development and the strain of internal budgetary issues have pushed many governmental agencies to seek the non-traditional procurement methods of a public-private partnership to satisfy their ongoing needs. Researchers have examined many regions that have used this non-traditional procurement type of public-private partnership to meet their infrastructural needs while facing budgetary issues. I reviewed the state of Virginia\u27s usage of this non-traditional procurement method as an alternative method to traditional procurement to foster their road infrastructural developmental needs. The state of Virginia has used Public-private partnerships to bridge the current gap of the state’s lack of resources to sustain their infrastructural needs over a prolonged timeframe. This study addressed how the state of Virginia used factors of accountability, risk management, and policy to develop and foster public-private partnership projects for road development. These regions’ public-private partnership policies were examined to explore the impact the policies may have on the growth of public-private partnerships in the area. As a result of the small sample size from the states of Virginia, the District of Columbia, and Maryland were incorporated into the sample size. The research concluded stakeholders employed factors of accountability, risk management, and policy in public-private partnership for road development to foster a strategic framework within their regions. The findings promote positive social change by being consistent in supporting that policy and organizational regulations often nurtures the other two factors of accountability and risk management