Public Private Partnerships for Transportation Act
SB 146/HB 1091: Providing authority to enter into public-private agreements for transportation investment
The Public-Private Partnerships (PPP) for Transportation Act will promote the sound development and operation of transportation facilities in Illinois, by authorizing public-private partnerships for the construction of new transportation infrastructure projects and limited lease of existing infrastructure assets. Authorizing public-private partnerships will allow Illinois to seek new sources of investment capital and more efficiently deliver infrastructure improvements, to improve our transportation system to better serve the needs of Illinois residents and businesses.