When considering leasing its major transportation assets, including over 500 miles of highway and more than 1,500 bridges, the State of New Jersey called on Halcrow’s guidance and experience in public-private partnerships (PPP).
Our knowledge helped the state to make an informed decision as to whether PPP could provide an innovative and viable solution to raise funds.
Halcrow’s exhaustive study helped determine the value of several assets, analyzed the cost of operating four roadways, and identified areas for cost savings.
By assisting in placing a monetary value on its assets, we helped the state to gauge the true market value and develop guidelines for operation should it decide to lease the assets to a private-sector company. This solution could help the state to use these assets to raise funds to reduce debt and maintain a good level of repair on other assets throughout the state.
Even if roadways analyzed are not privitized at this time, the state can still implement many of the efficiencies proposed by Halcrow which would provide enhanced performance measures and ease the transition to private operation should they decide to do so.
Services
- condition surveys
- deterioration forecasting
- remaining life assessment
- life-cycle cost modeling
- development of capital maintenance options
- operations and maintenance
- cost optimization
- operations and maintenance scenario comparison
- long-term investment planning
Strategic
- asset management planning
Operational
- review of existing operations and maintenance contract