HB 2898 Summary

• Establishes a framework for public-private partnerships (PPPs) involving the Department of Transportation for developing, financing, maintaining, and operating transportation facilities

• Allows DOT to solicit and accept proposals for PPPs using various procurement methods (sealed bidding, qualifications-based selection, or other competitive processes) without complying with the Public Competitive Bidding Act

• Permits DOT to receive unsolicited proposals and enter into agreements with private entities, with procedures for determining confidentiality of proprietary information submitted with proposals

• Authorizes DOT to issue bonds, accept federal funds and grants, exercise eminent domain, and combine multiple funding sources to finance transportation projects through PPPs

• Expands design-build and construction management procurement methods for DOT by adding 10 criteria for project eligibility, including cost savings opportunities, urgent projects, risk transfer, and innovation potential