A public-private partnership (P3) is an alternative model for the development and delivery of public infrastructure. A P3 is a partnership between the public and private sector, which seeks to leverage the respective strengths of each entity to develop and deliver large, complex infrastructure projects in a cost effective and timely fashion.
The P3 seeks to harness private sector expertise, innovation and sometimes financing in order to develop and deliver public infrastructure for the benefit of the public agency and users of the infrastructure. The private entity may perform a variety of functions under a P3 agreement including design, construction, finance, operations, and maintenance of a transportation facility.
The Maryland Department of Transportation's (MDOT) utilizes P3s to leverage private sector expertise and better manage risk for the state of Maryland, on large infrastructure projects.
Traffic Relief Plan
**Now Seeking Proposals**
Minority Business Enterprise (MBE)
MDOT is resolute in its commitment to ensuring small, women, minority, and disadvantaged businesses play a meaningful role in the development and construction of the P3 Program. This means aggressive M/DBE goal-oriented participation requirements in all phases of the Program.
To support this commitment, MDOT has initiated a business development and workforce initiative, Opportunity MDOT, which is an innovative program to both monitor M/DBE participation and to provide M/DBEs (new to the P3 delivery model) with supportive services, e.g., mentoring programs, business training, and business management, capacity, skills, and bonding assessments. In short, MDOT is treating diversity and inclusion as a strategic initiative so it will be a strategic outcome via the Opportunity MDOT program.
Eligible businesses are invited to participate in Opportunity MDOT P3 Program by signing into the Opportunity MDOT Center of Excellence. The Center of Excellence is a comprehensive set of services provided by MDOT to assist M/DBEs, job seekers, and primes with information regarding potential opportunities on the P3 Program. MDOT is committed to empowering all members of the transportation industry with opportunities for economic growth and development.