A final update to this content was completed in March 2022.
Other Finance Mechanisms
Two mechanisms for a public agency to compensate a private entity for their project responsibilities (design, construction, finance, operations and/or maintenance) under a concession arrangement are availability payments and shadow tolls.
In this section
- Availability Payments
Availability payments are made to a private concessionaire by a public project sponsor based on project milestones or facility performance standards in exchange for particular services.
- Shadow Tolls
Shadow tolls are per-vehicle or per-vehicle-mile fees paid by a state or local agency or authority to a private concessionaire as reimbursement for particular services.