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Financial Information / Office of the Comptroller / Project Finance Office / Public-Private Partnerships

Public-Private Partnerships

Picture of a Florida Roadway
Leon Corbett
Project Finance Office Manager
Office of the Comptroller



A Public-Private Partnership (P3) is a contractual agreement between a public agency (federal, state or local) and a private sector entity. Through this agreement, the skills and assets of each sector (public and private) are shared in delivering a service or facility for the use of the general public. In addition to the sharing of resources, each party shares in the risk and reward potential in the delivery of the service and/or facility. 


FDOT may advance projects programmed in the adopted Five Year Work Program or projects increasing transportation capacity and greater than $500 million in the 10-year Strategic Intermodal Plan using funds provided by P3s or private entities to be reimbursed from department funds for the project as programmed in the adopted work program. 


Please refer to the following Statute and Rule links for more information:

  s. 334.30, Florida Statutes, Public-Private Transportation Facilities


  Rule Chapter 14-107, Florida Administrative Code (FAC)

The following are suggested steps to submit an Unsolicited Proposal; however, the unique nature of P3s requires a flexible proposal process.

  • Proposers should begin conceptual discussions with the Project Finance Manager in the Office of the Comptroller, Project Finance Section to gain an understanding of program basics. 

  • If proposal meets basic program requirements, proposers should continue conceptual discussions with the District/Turnpike to determine District/Turnpike interest. 

  • Certain requirements under Florida Statutes will apply including a 15% cap requirement(s. 334.30(12), F.S.), a 20% debt load requirement (339.139(3), F.S.), Division of Bond Finance consultation (334.30(13), F.S.), and a 14-day Legislative review and Governor approval (339.2825, F.S.).

  • If District/Turnpike is interested, the concept should receive executive direction (Secretary/Assistant Secretary/District Secretary) before proceeding further. 

  • Central Office will determine if the project involves federal aid and/or is state-funded. District/Turnpike should request a Cash Availability Schedule from Central Office. 

  • Proposer submits to the Project Finance Manager an Unsolicited Proposal with $50,000 deposit. Proposal may be a brief concept statement. If acceptable and within Executive Direction, the Department begins 120-day advertisement period.

  • During the advertisement period no evaluation or analysis is performed on the proposal(s). 

  • All proposals must be complete and sufficient for evaluation by the end of the advertisement period or will be rejected and returned.  

  • At the end of the advertisement period, District/Turnpike and Central Office will evaluate the proposal(s) as may be appropriate and select Best Value Proposal for negotiation. 

  • If executive direction is to proceed, then award/execute contract with the final selected proposer. 

  • Project is produced by the District/Turnpike according to the negotiated procurement documents.