P3 Bond Index: Construction and Performance

Yu WANG; Kunqi ZHANG; Qingbin CUI; Felix DELGADO

doi:10.1061/9780784482858.004

P3 Bond Index: Construction and Performance

Yu WANG, Kunqi ZHANG, Qingbin CUI, Felix DELGADO

Research output: Book Chapters | Papers in Conference Proceedings › Conference paper (refereed) › Research › peer-review

1 Citation (Scopus)

Abstract

Private investment through revenue bonds has become an important source for public agencies seeking to implement transportation public-private partnerships (P3) projects. It has been a long-standing assumption that private money is available and sufficient compared to a limited number of P3 projects in the pipeline. This assumption, however, remains unsubstantiated. Based on the neo-classic economic prediction that prices go high if demand exceeds supply, this study presents the construction and performance of the P3 bond index to evaluate private capital for P3 projects. The index measures the return of P3 bonds and helps encourage private investment in P3 projects.

Original language	English
Title of host publication	Construction Research Congress 2020: Infrastructure Systems and Sustainability
Editors	Mounir EL ASMAR, Pingbo TANG, David GRAU
Publisher	American Society of Civil Engineers (ASCE)
Pages	25-33
Number of pages	9
ISBN (Electronic)	9780784482858
DOIs	https://doi.org/10.1061/9780784482858.004
Publication status	Published - 2020
Externally published	Yes
Event	Construction Research Congress 2020 - Tempe, United States Duration: 8 Mar 2020 → 10 Mar 2020

Publication series

Name	Construction Research Congress 2020
Publisher	American Society of Civil Engineers (ASCE)

Conference

Conference	Construction Research Congress 2020
Abbreviated title	CRC 2020
Country/Territory	United States
City	Tempe
Period	8/03/20 → 10/03/20

Bibliographical note

Publisher Copyright:
© 2020 American Society of Civil Engineers.

Keywords

Bond index
Public-private partnership
Revenue bond
Transportation project

Access to Document

10.1061/9780784482858.004

Cite this

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title = "P3 Bond Index: Construction and Performance",

abstract = "Private investment through revenue bonds has become an important source for public agencies seeking to implement transportation public-private partnerships (P3) projects. It has been a long-standing assumption that private money is available and sufficient compared to a limited number of P3 projects in the pipeline. This assumption, however, remains unsubstantiated. Based on the neo-classic economic prediction that prices go high if demand exceeds supply, this study presents the construction and performance of the P3 bond index to evaluate private capital for P3 projects. The index measures the return of P3 bonds and helps encourage private investment in P3 projects.",

keywords = "Bond index, Public-private partnership, Revenue bond, Transportation project",

author = "Yu WANG and Kunqi ZHANG and Qingbin CUI and Felix DELGADO",

note = "Publisher Copyright: {\textcopyright} 2020 American Society of Civil Engineers.; Construction Research Congress 2020, CRC 2020 ; Conference date: 08-03-2020 Through 10-03-2020",

year = "2020",

doi = "10.1061/9780784482858.004",

language = "English",

series = "Construction Research Congress 2020",

publisher = "American Society of Civil Engineers (ASCE)",

pages = "25--33",

editor = "{EL ASMAR}, Mounir and Pingbo TANG and David GRAU",

booktitle = "Construction Research Congress 2020: Infrastructure Systems and Sustainability",

address = "United States",

}

WANG, Y, ZHANG, K, CUI, Q & DELGADO, F 2020, P3 Bond Index: Construction and Performance. in M EL ASMAR, P TANG & D GRAU (eds), Construction Research Congress 2020: Infrastructure Systems and Sustainability. Construction Research Congress 2020, American Society of Civil Engineers (ASCE), pp. 25-33, Construction Research Congress 2020, Tempe, United States, 8/03/20. https://doi.org/10.1061/9780784482858.004

P3 Bond Index: Construction and Performance. / WANG, Yu; ZHANG, Kunqi; CUI, Qingbin et al.
Construction Research Congress 2020: Infrastructure Systems and Sustainability. ed. / Mounir EL ASMAR; Pingbo TANG; David GRAU. American Society of Civil Engineers (ASCE), 2020. p. 25-33 (Construction Research Congress 2020).

Research output: Book Chapters | Papers in Conference Proceedings › Conference paper (refereed) › Research › peer-review

TY - GEN

T1 - P3 Bond Index: Construction and Performance

AU - WANG, Yu

AU - ZHANG, Kunqi

AU - CUI, Qingbin

AU - DELGADO, Felix

PY - 2020

Y1 - 2020

N2 - Private investment through revenue bonds has become an important source for public agencies seeking to implement transportation public-private partnerships (P3) projects. It has been a long-standing assumption that private money is available and sufficient compared to a limited number of P3 projects in the pipeline. This assumption, however, remains unsubstantiated. Based on the neo-classic economic prediction that prices go high if demand exceeds supply, this study presents the construction and performance of the P3 bond index to evaluate private capital for P3 projects. The index measures the return of P3 bonds and helps encourage private investment in P3 projects.

AB - Private investment through revenue bonds has become an important source for public agencies seeking to implement transportation public-private partnerships (P3) projects. It has been a long-standing assumption that private money is available and sufficient compared to a limited number of P3 projects in the pipeline. This assumption, however, remains unsubstantiated. Based on the neo-classic economic prediction that prices go high if demand exceeds supply, this study presents the construction and performance of the P3 bond index to evaluate private capital for P3 projects. The index measures the return of P3 bonds and helps encourage private investment in P3 projects.

KW - Bond index

KW - Public-private partnership

KW - Revenue bond

KW - Transportation project

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DO - 10.1061/9780784482858.004

M3 - Conference paper (refereed)

AN - SCOPUS:85096914687

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EP - 33

BT - Construction Research Congress 2020: Infrastructure Systems and Sustainability

A2 - EL ASMAR, Mounir

A2 - TANG, Pingbo

A2 - GRAU, David

PB - American Society of Civil Engineers (ASCE)

T2 - Construction Research Congress 2020

Y2 - 8 March 2020 through 10 March 2020

ER -

P3 Bond Index: Construction and Performance

Abstract

Publication series

Conference

Bibliographical note

Keywords

Access to Document

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