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Committee hears MDOT explanation of I‑75 public‑private partnership and availability payments

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Summary

MDOT said the I‑75 project was delivered as a public‑private partnership; the private partner paid construction costs up front and MDOT will make availability payments over a multi‑decade contract term.

During committee questions about major project costs and long‑term obligations, MDOT officials explained how the I‑75 project was financed and structured.

Demetrius Parker described I‑75 as a public‑private partnership (P3): "It was set up as a P3, a public private partnership. So, it is set up where they're going…

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