Or. Admin. Code § 731-070-0005

Current through Register Vol. 63, No. 12, December 1, 2024

Section 731-070-0005 - Purpose and Intent of the Oregon Innovative Partnerships Program

(1) The primary purpose of the Oregon Innovative Partnerships Program is to maximize innovation in project design, financing, or delivery by encouraging Public-Private Partnerships.

(2) Public-Private Partnerships succeed when all parties benefit and when the outcome of the partnerships exceeds what any of the parties could accomplish on their own.

(3) When properly designed and implemented, Public-Private Partnerships can supplement limited state transportation revenues with a wide range of other sources.

(4) ODOT will operate the Oregon Innovative Partnerships Program in an environment that encourages innovation and cooperative partnerships between and among public and private sectors.

(5) While recognizing that other jurisdictions have undertaken Public-Private Partnerships, ODOT intends to be a leader in its approach to fostering cooperation amongst the parties for the public good.

Or. Admin. Code § 731-070-0005

DOT 5-2004, f. & cert. ef. 8-26-04; DOT 5-2022, amend filed 05/24/2022, effective 5/24/2022

Statutory/Other Authority: ORS 184.619 & 367.824

Statutes/Other Implemented: ORS 367.800 - 367.824