Virginia looking to hire PPP executive

The state will hire a director to oversee its implementation of a 1995 law that oversees private investment in Virginia’s infrastructure. The winning candidate will earn up to $143,470 per year, according to the job ad for the position.

Amid a summer of turnover in the infrastructure finance sector, one organisation is hiring: the Virginia Department of Transportation.

The department has posted a job ad on the Virginia website for an executive to oversee the implementation of its Public-Private Transportation Act, or PPTA.

“As the [PPTA] program office director,” the ad reads, “you will facilitate access to additional project financing, private sector innovation, enhanced timeliness of construction and improved efficiency at a reduced whole-life cost.”

The 15-year old PPTA governs the use of private investment for public transportation projects and has enabled the state to become one of the leading users of public-private partnerships (PPPs) for transportation projects. While many states are just starting on their first PPPs, Virginia already has several underway, including three toll road projects – the Pocahontas Parkway, I-495 Capital Beltway HOT lanes and the Dulles Greenway.

The job posting indicates the state could be gearing up for more PPPs in the transportation sector. In May, Virginia issued a request for conceptual proposals on how to finance improvements on Route 460 in the state’s southeast, another prospective PPP.

The PPTA program office director will earn an annual salary between $85,000 per year and $143,470, according to a hiring range indicated on the job ad.

The Virginia Department of Transportation is accepting applications for the position through 27 August.