Public authorities increasingly look to innovative project delivery methods in order to deliver and maintain critical surface transportation facilities. Among such methods, public-private partnerships (P3s) involving the design, construction, financing, operation, and/or maintenance of public transit, passenger rail and high-speed rail, highway, managed lane, bridge, and tunnel projects offer both public and private sector participants among the greatest opportunities—and the greatest challenges. Kaplan Kirsch & Rockwell understands from experience that there is no particular right way to structure a P3 for a surface transportation project, whether it involve the greenfield development of a new commuter rail facility, a concession and lease of an existing toll road facility, or a transit-oriented station redevelopment project. Rather, in the rapidly evolving P3 market, we recognize that there are best practices and learned experiences that must be adapted and applies to the needs of a particular project in order to achieve a result that fully delivers for both public and private sector interests.