To have a successful "public-private partnership" for Maglev development, the
Project needs four components:

• Properly empowered public partners, which own the Project and carry out
  essential government functions (the "Public Partners")
  
• Private partners, which capture the efficiencies and innovations available in the marketplace (the "Private Partners")
  
• A project delivery mechanism, in the form of one or more properly procured contractual arrangements that will carefully delineate and allocate roles, responsibilities, risks and rewards, will protect the public interest and will capitalize on private sector entrepreneurial, technical and financial resources
  
• Private financial markets-the private capital markets component of the
  overall project financing    read more >>

Federally authorized Maglev funds are limited to no more than $950 million, which must not exceed two-thirds of the eligible costs. Consequently, other sources will be required to fund the remaining guideway costs, stations, vehicles and equipment. View sources and uses of funds during construction.

There is enormous potential for public and private partnerships to aid in the funding of the Baltimore-Washington Maglev Project. Already, the project team has begun to examine possible partnerships by focusing on the following four components:

• Public Partners, which own the project and carry out essential government functions
  
• Private Partners, which capture the efficiencies and innovations available in the marketplace
  
• A Project Delivery Mechanism, in the form of contractual arrangements
  
• Private financial markets

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